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Public company DDC Enterprise increased its holdings by 200 bitcoins, raising its total holdings to 2,383 BTC
According to The Block, the publicly listed company DDC Enterprise has purchased an additional 200 bitcoins, bringing its total holdings to 2,383 BTC, valued at approximately $165 million. The average purchase price for this increase was $79,969, and the company's reported "BTC yield" year-to-date is 44.9%. DDC currently ranks 32nd among publicly traded companies in terms of Bitcoin holdings.
The company had previously set a goal to establish a treasury of 10,000 bitcoins by the end of 2025, but the market has experienced significant volatility in recent months, with Bitcoin dropping from a high of $126,000 at the end of last year to a recent range of $68,000 to $75,000. DDC's stock price has fallen about 80% over the past six months, while Bitcoin has dropped about 45% during the same period.
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