Foresight News: DDC Enterprise, an Asian consumer food company, Ltd. (DayDayCook) announced the inclusion of Bitcoin in its treasury reserves and appointed Web3 and cryptocurrency asset management expert Alex Yang as strategic advisors. An investor group will inject 100 BTC to subscribe for DDC Class A common stock at a price of $0.50 to $1.25 per share, representing a premium of 100% to 400% over recent trading levels. Both parties plan to reach a final agreement and complete the first batch of Bitcoin purchases within the next 30 days. DDC stated that this move aims to diversify the balance sheet, with the first batch of 25 BTC to be injected during initial trading, followed by phased injections of the remaining portion every 4-6 weeks, totaling 100 BTC worth approximately $8 million to $8.5 million. The issued shares will be subject to a lock up period of at least 180 days and performance targets. DayDayCook is a multi brand Asian consumer food company, with brands including DayDayCook, Nona Lim, Yai's Thai, etc., committed to providing convenient and healthy ready to eat and cooked products. Alex Yang is a seasoned professional in the fields of encryption and digital assets, currently serving as the CEO of Volmart, a Hong Kong fintech company.
