DDC Enterprise, a company that started as an Asian food platform and is now moonlighting as a Bitcoin treasury, just scooped up another 131 BTC. That brings the company’s total stash to 2,714 Bitcoin, placing it among the top 30 publicly traded corporate holders of the asset.
Here’s what makes this interesting: this is DDC’s second Bitcoin purchase in a single week. The company bought 200 BTC on May 21, and now just six days later, it added another 131 BTC to the pile.
The numbers behind the buying spree
The back-to-back acquisitions resulted in a 13.9% increase in per-share Bitcoin exposure. DDC pulled this off without issuing new shares or diluting existing shareholders.
DDC trades on the NYSE American under the ticker DDC. Its average acquisition cost for Bitcoin has previously been reported between $79,000 and $88,000 per BTC.
