This is just the first step in a larger strategy aimed at significantly expanding its crypto portfolio. In the coming days, the company plans to buy another 79 BTC, so that the total stack of DDC bitcoins reaches 100 BTC.
Long-term plans: 5,000 bitcoins in three years
DDC is not going to stop there. The company has set an ambitious goal of acquiring 5,000 bitcoins within three years. Particular attention is paid to reaching the 500 BTC mark by the end of 2025. Such plans will allow DDC to go beyond the top 10 public companies with the largest bitcoin holdings.
Market reaction
DDC Enterprise shares showed volatility on May 23, they fell by 14.5%, but after the close of trading on the same day, they showed an increase of 2.43%. The company’s shares have fallen by more than 27% this year, which may indicate increased risks or a correction after a period of strong growth.
Cryptocurrency popularity is growing in China
Interest in cryptocurrencies in China continues to grow despite the official ban on transactions. Jiuzi Holdings plans to purchase 1,000 BTC over the next year. This fact highlights the global interest in cryptocurrencies and their growing role in investment strategies.
Hong Kong legislation: new opportunities for the industry
The Legislative Council of Hong Kong has passed the Stablecoin Bill. This opens up new opportunities for institutions that will be able to apply for stablecoin licenses by the end of the year. Such steps contribute to the further development and regulation of the cryptocurrency industry in the region.
The crypto market continues to evolve, attracting the attention of major players and attracting the interest of investors around the world.
