Latest news with #DDCEnterprise
Economic Times
26-05-2025
- Business
- Economic Times
Crypto prices today: Bitcoin trades near $110,000 as geopolitical tensions ease; Altcoins jump up to 5%
As of 12:51 PM IST, Bitcoin rose 2.1% to $1,09,993, while Ethereum gained 3.6% to $2,588. The global cryptocurrency market cap climbed 2% to $3.46 trillion. ADVERTISEMENT Bitcoin rebounded after the U.S. dialled back its 50% trade tariff threats on European imports, providing short-term relief to global markets. Analysts believe the crypto's next key resistance lies around $112,000. "Bitcoin has bounced after the US backtracked its 50% trade tariff on Europe... it must break through $112,000 to continue its strong rally," said Vikram Subburaj, CEO of Giottus. The rally follows a record high of $112,000 last week, driven by growing institutional demand and optimism around global crypto regulation. While recent volatility stemmed from macro events, overall sentiment remains bullish."Despite minor pullbacks, Bitcoin continues to benefit from reduced supply post-halving and increasing on-chain activity," said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. "Long-term holders may view dips as opportunities." Also Read: Why AI tokens are emerging as high-conviction investment theme in 2025 ADVERTISEMENT Corporate interest also added to the momentum. Asia-based consumer food giant DDC Enterprise acquired 21 BTC as part of a broader treasury strategy targeting 5,000 BTC. Meanwhile, Pakistan has announced a 2,000 megawatt energy allocation to support Bitcoin mining and AI data centres, according to CoinSwitch Markets Patel, CEO of Mudrex, noted, "The quick rebound highlights BTC's resilience, supported by an 80% drop in daily exchange inflows... Bitcoin's strong fundamentals and declining sell-side activity position it well for further upside." ADVERTISEMENT Altcoins also traded in the green. Solana rose 3.2%, Cardano gained 4.6%, Dogecoin advanced 3.6%, and Chainlink surged 4%. Avalanche led with a 5% rise, while XRP, Stellar, Shiba Inu, Sui, and Hedera posted modest gains. Also Read: JPMorgan Chase to offer clients access to Bitcoin, despite CEO Dimon's continued criticism ADVERTISEMENT Bitcoin's dominance in the crypto market rose to 63.2%, with its market cap touching $2.184 trillion. However, daily trading volume dipped 3.2% to $47.57 billion, according to CoinMarketCap. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Yahoo
24-05-2025
- Business
- Yahoo
A Small Food Firm Buys 21 bitcoin, Jumping on BTC Treasury Trend, Shares Fall Anyways
DDC Enterprise (DDC), an Asian food company, has announced the acquisition of 21 BTC as part of a long-term plan to incorporate the cryptocurrency into its corporate treasury. The company, led by founder and CEO Norma Chu, exchanged 254,333 class A ordinary shares for BTC, in a transaction valued at roughly $2.28 million, according to a press release. The move positions DDC among a growing cohort of public companies using BTC as a treasury asset. Two more purchases totaling 79 BTC are expected in the coming days, bringing the company's initial holdings to 100 BTC. In a shareholder letter issued last week, Chu outlined plans to accumulate up to 500 BTC within six months and aim for 5,000 BTC in three years. While companies adopting bitcoin as a strategic treasury asset often see major price rises, DDC saw the opposite. The company's shares dropped more than 12% on Friday's trading session, while the S&P 500 dropped 0.6% and the tech-heavy Nasdaq fell 1%. DigiAsia (FAAS), for example, saw its share prices surge more than 90% in a single trading session after announcing a $100 million BTC treasury plan earlier this month.
Yahoo
24-05-2025
- Business
- Yahoo
A Small Food Firm Buys 21 bitcoin, Jumping on BTC Treasury Trend, Shares Fall Anyways
DDC Enterprise (DDC), an Asian food company, has announced the acquisition of 21 BTC as part of a long-term plan to incorporate the cryptocurrency into its corporate treasury. The company, led by founder and CEO Norma Chu, exchanged 254,333 class A ordinary shares for BTC, in a transaction valued at roughly $2.28 million, according to a press release. The move positions DDC among a growing cohort of public companies using BTC as a treasury asset. Two more purchases totaling 79 BTC are expected in the coming days, bringing the company's initial holdings to 100 BTC. In a shareholder letter issued last week, Chu outlined plans to accumulate up to 500 BTC within six months and aim for 5,000 BTC in three years. While companies adopting bitcoin as a strategic treasury asset often see major price rises, DDC saw the opposite. The company's shares dropped more than 12% on Friday's trading session, while the S&P 500 dropped 0.6% and the tech-heavy Nasdaq fell 1%. DigiAsia (FAAS), for example, saw its share prices surge more than 90% in a single trading session after announcing a $100 million BTC treasury plan earlier this month. Sign in to access your portfolio
National Post
15-05-2025
- Business
- National Post
DDC Announces Record 2024 Growth and Strategic Bitcoin Reserve Initiative in Shareholder Letter by Founder & CEO Norma Chu
Article content Article content Article content NEW YORK — DDC Enterprise Ltd. (NYSEAM: DDC), today released its 2024 full year results alongside a Shareholder Letter from Founder, Chairwoman, and CEO Norma Chu, underscoring the company's positive financial performance and unveiling a pioneering Bitcoin accumulation strategy poised to redefine long-term value creation. Article content To Our Valued Shareholders, Article content 2024 was a year of transformative growth and strategic milestones for DDC. I am thrilled to share that we not only met our financial forecasts but exceeded expectations, delivering strong performance across key metrics while laying the groundwork for an even more exciting future. As we enter 2025, our momentum is accelerating, driven by disciplined execution and a bold new chapter in our corporate strategy. Article content 2024 Financial & Operational Highlights Article content Revenue Growth: USD 37.4 million, a 33% year-over-year increase, propelled by the strategic acquisition of U.S. brands and sustained resilience in our core China operations. Margin Expansion: Gross profit margin improved to 28.4%, up from 25.0% in 2023, reflecting stringent supply chain optimization and cost discipline. Path to Profitability: Adjusted EBITDA with loss narrowed to USD 3.5 million (or USD 2 million excluding non-recurring expenses), with our China business generating positive EBITDA for the full year. Strengthened Balance Sheet: Shareholders' equity surged 33% to USD 11.3 million, supported by debt conversion and equity issuances. Cash, cash equivalents and short-term investments are estimated at $23.6 million as of March 31, 2025. Article content Our team's relentless focus on operational efficiency and strategic reinvestment has positioned DDC as a leaner, more agile organization, ready to capitalize on emerging opportunities. Article content Building on 2024's foundation, we are well-positioned to achieve positive adjusted EBITDA in 2025, fueled by two transformative initiatives: Article content China Joint Venture (JV): Our recently announced JV partnership is projected to contribute USD 3 million in annual net profit each year over the next five years. Bitcoin Reserve Strategy: We are embarking on a pioneering initiative to position DDC at the forefront of digital asset innovation with laser-focused execution on Bitcoin accumulation. Article content I am exceptionally enthusiastic to announce DDC's Bitcoin Accumulation Strategy, a cornerstone of our long-term value creation plan. Bitcoin's unique properties as a store of value and hedge against macroeconomic uncertainty align perfectly with our vision to diversify reserves and enhance shareholder returns. Article content Our Commitment: Article content Immediate execution of a 100 BTC acquisition, with a target to accumulate 500 BTC within six months and 5,000 BTC within 36 months. A dedicated treasury management team and newly expanded crypto-native advisory board will oversee this strategy, ensuring disciplined, risk-aware accumulation. Article content This initiative underscores our confidence in blockchain technology's transformative potential and our commitment to pioneering corporate financial strategies. Article content Looking Ahead Article content As founder and CEO, I am more optimistic than ever about DDC's trajectory. Our 2024 results demonstrate our ability to scale efficiently, while our 2025 initiatives—particularly our Bitcoin strategy—reflect a forward-thinking approach to value creation. We are not merely adapting to the future; we are shaping it. Article content To our shareholders: Thank you for your unwavering trust. Together, we are building a company defined by innovation, resilience, and bold ambition. Article content Certain statements in this press release are forward-looking statements, including, for example, statements about our Bitcoin strategy, performance of JVs, NYSE and SEC compliance, estimated revenue, margins, growth and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'likely to' or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Article content Article content Article content Article content Article content
