DDC Enterprise Ltd. ( DDC ) shares rose 10.03% in after-hours trading to $3.29 on Tuesday.
Check out the current price of DDC stock here.
Last week, DDC agreed to acquire 300 Bitcoin (CRYPTO: BTC), which the company called its largest single acquisition in history.
The purchase will raise DDC's total Bitcoin holdings to 1,383 BTC, nearly a 30% increase from its previous balance.
The acquisition brings holdings to 0.059333 bitcoin per 1,000 DDC shares, a 28% increase from the previous purchase.
The company said its expected bitcoin yield for the second half of 2025 stands at 99%.
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According to a company's October filing, DDC currently holds 1,083 bitcoin at an average purchase price of $108,726.
Norma Chu, founder, chairwoman and CEO of DDC Enterprise ( DDC ), said, “Since launching our treasury program, we have remained focused on disciplined, consistent accumulation guided by a long-term perspective.”
She added that the company evaluates opportunities carefully and acts with precision when conditions are right.
The New York-based holding company adopted Bitcoin as its primary treasury reserve asset on May 15.
The stock of DDC Enterprise ( DDC ) has fallen 41.49% year to date.
It has a 52-week range of $1.62 to $20.83 and a market capitalization of $69.74 million.
Price Action: DDC Enterprise Ltd ( DDC ) closed Tuesday at $2.99, up 5.28%, according to Benzinga Pro data.
Benzinga Edge Stock Rankings indicate that DDC stock has a negative price trend across all time frames. Monitor how other companies in this sector are performing.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.