Hong Kong-based DDC Enterprise Limited has added another 100 Bitcoin (BTC) to its balance sheet, accelerating efforts to build a digital asset reserve of over $1 billion.
The food conglomerate listed on the New York Stock Exchange under ticker DDC confirmed on Oct. 8 that this marks its third Bitcoin purchase in a week.
The latest acquisition brings the company closer to CEO and Chair Norma Chu’s goal of establishing a 10,000 BTC treasury, currently valued at roughly $1.2 billion at current prices.
Chu said DDC is “accelerating the pace” of Bitcoin acquisitions after laying a strong operational foundation. She further emphasized that the firm’s progress reflects years of preparation and partnership-building.
Funding reserves with profits
Unlike other corporations that rely on financing or debt issuance, DDC has reportedly used operational profits to fund its Bitcoin purchases.
The company has so far accumulated the flagship crypto at an average price of about $104,538 and clai
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