NYSE-Listed DDC Enterprise (DayDayCook) Buys 21 Bitcoin for $2.28M, Targets 5,000 BTC, Shares Drop 12%

Hong Kong-based DDC Enterprise, also known as DayDayCook and listed on the NYSE, has announced the purchase of 21 Bitcoin for $2.28 million through a share swap. This acquisition marks the company's first step in a broader treasury strategy to accumulate Bitcoin.

The company plans to acquire a total of 5,000 Bitcoin over the next three years, with an initial target of 100 Bitcoin by the end of the current month. DDC Enterprise's CEO described the move as a long-term value strategy.

Following the announcement, DDC Enterprise shares declined by more than 12%.

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