Hong Kong-based food firm DDC Enterprise, which has posted losses for four consecutive years and saw its stock fall below $0.10, raised $528 million to purchase Bitcoin. The company aims to emulate Metaplanet's turnaround by adopting a Bitcoin treasury strategy.
DDC, the publicly listed DayDayCook, is raising up to $528 million to buy bitcoin after years of losses, a trading halt, and a reverse stock split aimed at keeping its shares listed.
DDC, a little-known Asian food company listed on NYSE American, has raised up to $528 million to buy bitcoin after years of losses, a stock collapse, and a temporary trading halt.
Bitcoin and ether posted sharp weekend reversals as year-end liquidity thinned and traders cut risk. Even as derivatives positioning shrinks and retail interest fades, exchange outflows and lower balances suggest longer-term accumulation remains intact ahead of the Fed meeting.
Thin year-end liquidity drove sharp weekend swings in bitcoin and ether, while falling open interest suggested lighter positioning. Even so, exchange outflows point to continued accumulation by longer-term holders ahead of the Fed meeting.
Bitcoin and ether saw sharp two-way moves in thin weekend trading, while open interest and retail activity continued to fade. At the same time, exchange outflows suggest longer-term accumulation, leaving markets focused on the Fed as the next key catalyst.
Bhutan’s state investment arm transferred 519.7 BTC, worth about $36.75 million, to wallets linked to QCP Capital, extending a quiet pattern of sovereign bitcoin sales and reducing holdings to roughly 4,452 BTC.
Bhutan’s DHI moved 519.7 BTC ($36.75M) to QCP Capital, reducing its holdings to ~4,452 BTC — a 65% decline from peak. The sales, executed via OTC to avoid market impact, are seen as routine treasury management amid post-halving mining economics.
