Latest news with #NormaChu
Business Wire
6 days ago
- Business
- Business Wire
DDC Enterprise Expands Bitcoin Treasury with Acquisition of 79 BTC and Announces Partnership with Hex Trust for Secure Custody and Trading Execution Services
NEW YORK--(BUSINESS WIRE)-- DDC Enterprise Limited (NYSE: DDC) today announced the acquisition of 79 Bitcoin (BTC) as part of its ongoing Bitcoin accumulation strategy. This strategic purchase reinforces DDC's commitment to leveraging Bitcoin's scarcity-driven value proposition as a core component of its treasury reserve portfolio. DDC issued 580,187 class A ordinary shares in exchange for the new BTC purchase. BTC per 1,000 DDC shares increased from 0.006122 to 0.024963, up 400%. In tandem with this acquisition, DDC has entered into a partnership with Hex Trust, a globally recognized digital asset financial institution specializing in institutional-grade custody, staking, and markets services. As one of the key custodians within DDC's newly established dynamic custodian network, Hex Trust will provide institutional-grade custody and trading execution services , designed to ensure the security and scalability of the Company's rapidly growing Bitcoin holdings. Strategic Expansion and Scarcity Alignment The purchase of 79 BTC underscores DDC's conviction in Bitcoin's role as a scarce digital asset, capped at 21 million coins, and its potential to act as a long-term hedge against inflationary pressures. This purchase follows DDC's initial 21 BTC purchase on 23 May 2025, further solidifying the Company's position as a corporate adopter of Bitcoin's value proposition. Total BTC holding is 100. 'Bitcoin's immutable scarcity and decentralized architecture align perfectly with our vision for a resilient treasury strategy,' said Norma Chu, Founder, Chairwoman, and CEO of DDC. 'Our partnership with Hex Trust ensures that our growing Bitcoin portfolio is safeguarded with institutional-grade security, enabling us to scale confidently as we continue to execute on our digital asset strategy.' 'As institutions reimagine their treasury strategies, Bitcoin is increasingly being recognized as a long-term reserve asset,' said Alessio Quaglini, CEO & Co-founder, Hex Trust. 'Hex Trust provides the trusted infrastructure to enable this shift—providing secure custody, compliant trading execution under a fully regulated framework. We're proud to support DDC's forward-looking Bitcoin Reserve Strategy and to deliver secure, institutional-grade access to Bitcoin.' About Hex Trust Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. Get access to our comprehensive, secure, and regulated suite of services built on our proprietary and fully integrated infrastructure. For more information, visit or follow Hex Trust on LinkedIn, X, and Telegram.
Associated Press
6 days ago
- Business
- Associated Press
DDC Enterprise Expands Bitcoin Treasury with Acquisition of 79 BTC and Announces Partnership with Hex Trust for Secure Custody and Trading Execution Services
NEW YORK--(BUSINESS WIRE)--May 29, 2025-- DDC Enterprise Limited (NYSE: DDC) today announced the acquisition of 79 Bitcoin (BTC) as part of its ongoing Bitcoin accumulation strategy. This strategic purchase reinforces DDC's commitment to leveraging Bitcoin's scarcity-driven value proposition as a core component of its treasury reserve portfolio. DDC issued 580,187 class A ordinary shares in exchange for the new BTC purchase. BTC per 1,000 DDC shares increased from 0.006122 to 0.024963, up 400%. In tandem with this acquisition, DDC has entered into a partnership with Hex Trust, a globally recognized digital asset financial institution specializing in institutional-grade custody, staking, and markets services. As one of the key custodians within DDC's newly established dynamic custodian network, Hex Trust will provide institutional-grade custody and trading execution services , designed to ensure the security and scalability of the Company's rapidly growing Bitcoin holdings. Strategic Expansion and Scarcity Alignment The purchase of 79 BTC underscores DDC's conviction in Bitcoin's role as a scarce digital asset, capped at 21 million coins, and its potential to act as a long-term hedge against inflationary pressures. This purchase follows DDC's initial 21 BTC purchase on 23 May 2025, further solidifying the Company's position as a corporate adopter of Bitcoin's value proposition. Total BTC holding is 100. 'Bitcoin's immutable scarcity and decentralized architecture align perfectly with our vision for a resilient treasury strategy,' said Norma Chu, Founder, Chairwoman, and CEO of DDC. 'Our partnership with Hex Trust ensures that our growing Bitcoin portfolio is safeguarded with institutional-grade security, enabling us to scale confidently as we continue to execute on our digital asset strategy.' 'As institutions reimagine their treasury strategies, Bitcoin is increasingly being recognized as a long-term reserve asset,' said Alessio Quaglini, CEO & Co-founder, Hex Trust. 'Hex Trust provides the trusted infrastructure to enable this shift—providing secure custody, compliant trading execution under a fully regulated framework. We're proud to support DDC's forward-looking Bitcoin Reserve Strategy and to deliver secure, institutional-grade access to Bitcoin.' About Hex Trust Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. Get access to our comprehensive, secure, and regulated suite of services built on our proprietary and fully integrated infrastructure. For more information, visit or follow Hex Trust on LinkedIn, X, and Telegram. View source version on [email protected] KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES RETAIL TECHNOLOGY SUPERMARKET ASSET MANAGEMENT FOOD/BEVERAGE DIGITAL CASH MANAGEMENT/DIGITAL ASSETS SOURCE: DDC Enterprise Limited Copyright Business Wire 2025. PUB: 05/29/2025 09:05 AM/DISC: 05/29/2025 09:03 AM
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
Business Wire
23-05-2025
- Business
- Business Wire
DDC Enterprise Announces First 21 Bitcoin Purchase, Reinforces Commitment to Bitcoin Accumulation Strategy
NEW YORK--(BUSINESS WIRE)--DDC Enterprise (NYSE: DDC) today announced the completion of its initial 21 Bitcoin (BTC) acquisition as part of its corporate strategy to integrate Bitcoin into its treasury reserves. As the first female founder of a U.S. publicly traded company to spearhead a Bitcoin-only treasury strategy, I am energized by the immense potential this initiative holds for our shareholders. Share First Tranche of 21 BTC Acquired via Share Exchange The Company has completed the first transaction with an investor group, issuing 254,333 of DDC class A ordinary shares in exchange for 21 BTC, valued at approximately USD 2,283,667 in current market price. Remaining 79 BTC Purchases to Accelerate DDC expects to finalize two additional purchases in the coming days to acquire the remaining 79 BTC under this initial phase. Upon completion, DDC will hold 100 BTC as part of its expanding BTC treasury. Shareholder Letter Highlights Record Growth and BTC Accumulation Strategy This announcement follows last week's shareholder letter by Norma Chu, chairwoman, founder, and CEO of DDC, which detailed the Company's record financial and operational growth in 2024. The letter also outlined an ambitious Bitcoin accumulation plan, targeting up to 500 BTC within six months and 5,000 BTC over three years, positioning DDC to be an innovator among NYSE-listed companies in adopting such a transformative bitcoin treasury strategy. 'Today marks a pivotal moment in DDC's evolution. As the first female founder of a U.S. publicly traded company to spearhead a Bitcoin-only treasury strategy, I am energized by the immense potential this initiative holds for our shareholders. Our initial acquisition of 21 BTC, alongside the accelerated execution of our broader plan, reflects our confidence in Bitcoin as a store of value and our unwavering dedication to innovation. We are fully committed to ensuring the success of this strategy, which aligns with our vision to drive long-term value for our shareholders,' said Norma Chu. Forward-Looking Statements Certain statements in this press release are forward-looking statements, including, for example, statements about our BTC purchases and strategy, issuance of shares to purchase BTC, 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.
