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

According to Businesswire, cross-border consumer goods e-commerce group DDC Enterprise (NYSE: DDC) announced the completion of the first batch of 21 Bitcoin purchases as part of its strategy to include Bitcoin in the company's reserves. The company completed the purchase of approximately $2.28 million worth of Bitcoin through the issuance of 254333 shares of Class A common stock in exchange for equity. DDC plans to complete the purchase of the remaining 79 bitcoins in the coming days, bringing its bitcoin reserves to 100. The founder and CEO of the company, Norma Chu, disclosed in a shareholder letter that the goal is to accumulate 500 bitcoins within six months and reach 5000 within three years.