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DDC Enterprise Buys 90 BTC, Lifts Holdings to 2,804 Amid Price Drop Below $63K

DDC Enterprise purchased 90 BTC on June 3, bringing its treasury to 2,804 BTC and ranking it 28th among public corporate holders. The Asian food company accelerated accumulation from a mid-January base of 1,383 BTC, adding 331 BTC in May alone, and has now funded buys through $124 million in equity issuance without diluting shareholders. Despite Bitcoin trading below $63,000 after a 6.7% daily drop and 40% yearly decline, DDC reported a blended acquisition cost of $78,736 per BTC and a 48.3% year-to-date BTC yield while reiterating its 5,000 BTC target by end-2026.

Category

Bitcoin

Sentiment

Bullish

Event

Institutional flow

Reading time

1 min