A Small Food Firm Buys 21 bitcoin, Jumping on BTC Treasury Trend, Shares Fall Anyways

May 24, 2025

in Breaking, News

Reading Time: 7 mins read

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By Francisco Rodrigues|Edited by Aoyon Ashraf

Updated May 24, 2025, 7:16 p.m. Published May 24, 2025, 7:16 p.m.

Stock market price charts (Anne Nygård/Unsplash)

DDC Enterprise has acquired 21 BTC as part of a plan to incorporate the cryptocurrency into its corporate treasury.
The company is looking to accumulate up to 500 BTC within six months and 5,000 BTC in three years.
Despite the growing trend of companies adopting bitcoin as a treasury asset often seeing price rises, DDC’s shares dropped more than 12% on the trading session following the announcement.

DDC Enterprise (DDC), an Asian food company, has announced the acquisition of 21 BTC as part of a long-term plan to incorporate the cryptocurrency into its corporate treasury.

The company, led by founder and CEO Norma Chu, exchanged 254,333 class A ordinary shares for BTC, in a transaction valued at roughly $2.28 million, according to a press release.

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The move positions DDC among a growing cohort of public companies using BTC as a treasury asset. Two more purchases totaling 79 BTC are expected in the coming days, bringing the company’s initial holdings to 100 BTC.

In a shareholder letter issued last week, Chu outlined plans to accumulate up to 500 BTC within six months and aim for 5,000 BTC in three years.

While companies adopting bitcoin as a strategic treasury asset often see major price rises, DDC saw the opposite. The company’s shares dropped more than 12% on Friday’s trading session, while the S&P 500 dropped 0.6% and the tech-heavy Nasdaq fell 1%.

DigiAsia (FAAS), for example, saw its share prices surge more than 90% in a single trading session after announcing a $100 million BTC treasury plan earlier this month.

Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk’s $1,000 disclosure threshold.