Cross-border e-commerce DDC Enterprise has purchased the first batch of 21 BTC and plans to purchase another 79 BTC in the next few days

Mars Finance News, on May 24, according to Businesswire, DDC Enterprise (NYSE: DDC), a cross-border consumer goods e-commerce group, announced the completion of the first purchase of 21 bitcoins as part of its strategy to incorporate bitcoin into the company's reserves. The company completed this purchase of bitcoins worth approximately $2.28 million through the issuance of 254,333 Class A common shares via an equity exchange. DDC plans to complete the purchase of the remaining 79 bitcoins in the coming days, at which point its bitcoin reserves will reach 100. In a letter to shareholders, the company's founder and CEO Norma Chu disclosed the goal of accumulating 500 bitcoins within six months and reaching 5,000 bitcoins within three years.