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Chinese Company DDC Enterprise Plans to Purchase Bitcoin Worth $528 Million

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by Giorgi Kostiuk

4 hours ago

Chinese company DDC Enterprise reported plans to increase Bitcoin purchases by $528 million, highlighting the growing institutional interest.

Decision to Purchase Bitcoin

DDC Enterprise, which began purchasing Bitcoin in May, announced its plan to invest in cryptocurrency as part of its growth strategy.

Funding and Its Use

The majority of the $528 million investment fund will be allocated to purchasing Bitcoin. These funds will represent the largest Bitcoin purchases by any NYSE-listed company.

Company's Strategic Goals

Norma Chu, Founder and CEO of DDC Enterprise, emphasized that the company aims to build one of the most valuable Bitcoin reserves globally, also noting that these actions will strengthen DDC's position as a leading institutional Bitcoin holder.

DDC Enterprise's announcement of significant Bitcoin purchases highlights the increasing institutional interest in cryptocurrencies, which may affect market dynamics.

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