DDC Enterprise Shares Rise on Latest Bitcoin Buy
By Dean SealShares of DDC Enterprise jumped after the company said it just made its fourth bitcoin purchase of August, picking up 200 more coins.The stock was up 8.9% at $13.88 in midday trading. Shares have more than tripled since the start of the year.The bitcoin-treasury company said the latest acquisition brings its total holdings up to 888 bitcoin, which is more than double the 368 it had at the beginning of the month."Doubling our BTC holdings in a matter of weeks despite Bitcoin market volatility demonstrates our commitment to being a leading Bitcoin treasury company," Chief Executive Norma Chu said.Write to Dean Seal at [email protected]