-
Posted by
Two Blokes May 16 -
Filed in
Crypto
-
4 views
Mainland China, one of the world's most restrictive countries to cryptocurrency, may be inching closer to crypto adoption as a locally-operating brand has announced a Bitcoin reserve strategy.DDC Enterprise, also known as DayDayCook, a US consumer brand with Hong Kong roots and operations in mainland China, is adopting a Bitcoin (BTC) reserve strategy, its CEO Norma Chu announced in a shareholder letter on May 15. As part of the strategy, DDC has immediately acquired 100 BTC for roughly $10.4 million and plans to accumulate 5,000 BTC in the next 36 months, with 500 BTC targeted by the end of 2025.
