US DDC Enterprise purchases 38 additional Bitcoins, expanding total holdings to 138
Summary
- US DDC Enterprise announced the purchase of 38 additional Bitcoins (BTC), bringing its total holdings to 138.
- Following this Bitcoin purchase, DDC reported a 22% increase in investment returns compared to the end of last month.
- The company emphasized that acquiring Bitcoin helps expand shareholders’ exposure to digital scarcity.
US-listed DDC Enterprise has reportedly acquired an additional 38 Bitcoins (BTC).
According to Newswire on the 12th (local time), DDC stated, "With this latest Bitcoin purchase, the total amount of Bitcoin held by the company has increased to 138 BTC. Our (investment) return rate has increased by 22% compared to the end of last month." Media reports estimate DDC’s average Bitcoin purchase price at $78,582.
Norma Chu, founder and CEO of DDC, said, "This additional Bitcoin purchase demonstrates our focus on executing our strategy," adding, "By acquiring Bitcoin, we are expanding our shareholders’ exposure to digital scarcity. Going forward, we aim to become one of the most aggressive holders of Bitcoin among global listed companies."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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