The Hong Kong-headquartered heat-and-eat meal seller DDC Enterprise has made its first-ever Bitcoin purchase as part of a plan to buy 5,000 Bitcoin over the next three years.
The New York-listed DDC Enterprise, also known as DayDayCook, said on May 23 that it bought 21 Bitcoin (BTC) in exchange for 254,333 shares in a deal valued at $2.28 million.
The company added it plans on buying another 79 BTC across two purchases in “the coming days” to bring its total Bitcoin stack to 100 BTC.
The buys are part of DDC’s plan announced on May 15 to acquire 5,000 BTC over the next three years, with the goal of buying 500 BTC before the end of 2025.
DDC’s planned 5,000 BTC stack, if it held that much today, would land it just outside the top 10 public companies with the largest Bitcoin holdings, putting it just behind Japanese