China-linked consumer brand DayDayCook plans to acquire 5,000 Bitcoin

Quick Summary:

Source: Norma ChuAlthough DDC’s annual report does not mention Bitcoin reserve plans, the SEC filing does provide a few hints to the company’s intended adoption of BTC as a new asset class.“The company [DDC] is evaluating strategies to obtain the required additional funding for future operations,” the report reads, adding:“The Company plans to diversify revenue streams and implement cost-saving measures to grow revenues and decrease expenses.

DDC’s Bitcoin plans missing in SEC recordsDespite the public announcement, DDC’s latest SEC filings do not explicitly mention the company’s Bitcoin holdings or a Bitcoin reserve strategy.“We are embarking on a pioneering initiative to position DDC at the forefront of digital asset innovation with laser-focused execution on Bitcoin accumulation,” the DDC CEO said in the shareholder letter.

DDC Enterprise, also known as DayDayCook, a US consumer brand with Hong Kong roots and operations in mainland China, is adopting a Bitcoin (BTC) reserve strategy, its CEO Norma Chu announced in a shareholder letter on May 15.

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Article Details

Author / Journalist: Cointelegraph by Helen Partz

Category: Crypto

Markets: United StatesChinaHong Kong

Topics: Reserve Hong Strategy Plans Ddc’s Mainland Announced China Bitcoin Crypto Filing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 12:30:56 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 561 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28745149

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