DDC Enterprise added 90 BTC in its latest purchase as the company continued building its bitcoin (BTC) treasury position during a broader decline in the asset's market price.
The acquisition brings the company's total bitcoin holdings to 2,804 BTC, placing it 28th among publicly traded corporate holders of the cryptocurrency, according to Bitcoin Treasuries data.
In an X post on Wednesday, the company framed the purchase as opportunistic, writing: "When the market offers discounts, we lean in." DDC reported an average acquisition cost of $78,736 per bitcoin, a year-to-date BTC yield of 48.3%, and 0.058945 BTC per 1,000 shares.
Bitcoin is trading below $63,000 on Thursday, down 6.7% in the last 24 hours, according to The Block’s BTC price page. The benchmark cryptocurrency has fallen more than 40% over the past 12 months.
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