CORRECTING and REPLACING DDC Chairwoman's Letter: Record FY2025, 2,383 BTC, and an AI Operating System Built for Bitcoin Treasuries

DDC Enterprise reported record FY2025 revenue ($39.2M, +4.6% YoY) and its first full-year positive Adjusted EBITDA while simultaneously expanding a bitcoin treasury to 2,383 BTC (~$182M as of April 21, 2026). The company more than doubled holdings since year-end 2025 (1,181 BTC) and states an average cost basis of $79,969 per BTC and a long-term BTC yield of 1,493%. DDC also launched an AI-driven Treasury Intelligence Platform (a “Treasury Graph”/AI OS) to govern accumulation, allocation and risk management. Management says it will continue disciplined accumulation and explore risk-managed yield opportunities, supported by $528M strategic financing capacity and a $500M shelf. Market impact: DDC’s large, low-cost accumulation and the launch of institutional treasury infrastructure signals continued corporate demand for Bitcoin and could reinforce institutionalization of BTC as a reserve asset.