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DDC Enterprise announced the completion of its first batch purchase plan for 21 Bitcoins.
Gate News bot message, cross-border consumer goods e-commerce group DDC Enterprise (NYSE: DDC) has completed the purchase of its first batch of 21 Bitcoins. The company completed this Bitcoin transaction worth approximately 2.28 million USD through the equity exchange method of issuing 254,333 Class A common shares.
According to the company's plan, DDC will complete the purchase of the remaining 79 Bitcoins in the near future, bringing its total Bitcoin reserve to 100 coins. The company's founder and CEO Norma Chu clarified the future reserve targets in a letter to shareholders: to accumulate a total of 500 Bitcoins within six months and to reach 5000 coins within three years.
Source: Wu Says
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