DDC Enterprise adds 200 Bitcoin, total treasury hits 2,583 BTC

DDC Enterprise Limited announced on May 21 that it purchased an additional 200 Bitcoin, bringing its corporate treasury to 2,583 BTC [1]. The buy‑in lifted the Bitcoin‑per‑1,000‑share ratio by 8.4% to 0.0543 BTC, a move the company highlighted as “no‑dilution” because no new shares were issued [2].

Norma Chu, DDC’s founder, chairwoman and CEO, framed the transaction as “closing the loop” on capital previously raised above the firm’s Bitcoin net asset value, now redeployed into more BTC [1]. The average cost basis across the entire holding sits at roughly $79,496 per coin, yielding a year‑to‑date return of 36.6% given current market prices [2].

DDC’s strategy has been to accumulate Bitcoin in increments of 100‑300 BTC since entering the crypto market in 2025, with prior purchases in January (to 1,383 BTC) and February/March (to 2,383 BTC) [2]. The company says future purchases will be guided by liquidity and balance‑sheet capacity rather than short‑term price swings, and it plans to continue buying over the coming weeks and months [1].

With FY2025 revenue of $39.2 million and its first positive adjusted EBITDA, DDC now ranks among the top 30 publicly traded corporate Bitcoin holders worldwide and holds one of the largest treasuries among NYSE American consumer firms [1].

The concentration of over 2,500 BTC on a relatively modest revenue base means DDC’s balance sheet is highly sensitive to Bitcoin price movements; a 30% drop would quickly erode the reported 36.6% yield and could pressure the company’s financial outlook. How DDC balances its core food business with a growing crypto reserve will be a key watchpoint for investors.