DDC has acquired 331 Bitcoin this month through two separate purchases — 200 BTC on May 21 and another 131 BTC on May 29 — pushing its total holdings to 2,714 BTC. The buys grew the company's bitcoin treasury by 13.9% without diluting existing shareholders, as DDC didn't issue any new common stock to fund them.
How DDC funded the buys
The company's Asian food brands generated $39.2 million in revenue during fiscal year 2025 and reported their first positive Adjusted EBITDA. That cash flow likely helped cover the bitcoin purchases, though DDC hasn't detailed the exact funding source. The average cost per bitcoin now sits at $79,135, and the year-to-date BTC yield — a measure of how much bitcoin the company accumulates relative to its diluted share count — stands at 43.5%.
DDC now among top 30 public corporate holders
With 2,714 Bitcoin, DDC ranks inside the top 30 among publicly traded companies that hold bitcoin on their balance sheets. The company's BTC per 1,000 shares increased by 5.1% to 0.057053, meaning each theoretical block of 1,000 shares now represents more bitcoin than before.
What competitors are doing
Strategy (formerly MicroStrategy), the largest public corporate holder, paused its bitcoin purchases this month to focus on strengthening its balance sheet. The company completed a $1.5 billion convertible debt buyback at an 8% discount. Meanwhile, Strive added 1,109 bitcoin through its SATA trust and other capital market moves, lifting its total to roughly 16,500 BTC. DDC's strategy — buying bitcoin without diluting equity — sets it apart from many peers who rely on debt or stock sales.
Whether DDC keeps up this pace into June remains unclear. The company hasn't disclosed a formal bitcoin treasury policy, and the May 29 purchase hasn't settled yet.
