US-listed DDC acquires an additional 120 Bitcoins

Source
Son Min

Summary

  • New York Stock Exchange-listed company DDC Enterprise Limited announced the additional purchase of 120 Bitcoins.
  • The company reported that the average purchase price for this acquisition was $108,384.
  • Within 96 days, DDC's Bitcoin holdings reached 1,008, and they stated that they will strive to secure 10,000 BTC by the end of this year.

The e-commerce company listed on the New York Stock Exchange, 'DDC Enterprise Limited,' has reportedly acquired an additional 120 Bitcoins (BTC).

According to Business Wire on the 27th (local time), DDC stated in a press release, "We have additionally purchased 120 BTC," and added, "The average purchase price was $108,384." It further stated, "The total number of Bitcoins in our reserves reached 1,008 in just 96 days since we began accumulating," and "We are now ranked 42nd among global public companies in terms of Bitcoin holdings."

Norma Chu, the founder of DDC, said, "We will do our best to achieve our goal of securing 10,000 BTC by the end of this year."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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