DDC Enterprise Limited, a company that started life selling Asian food products, just added another 95 Bitcoin to its corporate treasury. That brings its total stash to 2,899 BTC.

The NYSE American-listed firm (ticker: DDC) has been on a buying spree throughout 2025 and into 2026, and now ranks among the top 30 public companies holding the asset worldwide.

A steady diet of Bitcoin buys

In May 2026 alone, DDC made two significant moves. On May 21, it purchased 200 BTC, pushing total holdings to 2,583 Bitcoin. Six days later, it added another 131 BTC, bringing the count to 2,714.

By early June, DDC grabbed 90 more BTC, lifting its reserve to approximately 2,804 Bitcoin. The latest 95 BTC acquisition now brings the total to 2,899 BTC.

The average acquisition cost across these recent purchases has ranged from $78,736 to $79,969 per Bitcoin.

The total cost basis for DDC’s entire Bitcoin position sits close to $221 million. As of early June, the market value of its holdings was estimated at around $184 million, meaning the company is currently underwater on its investment.

From food platform to Bitcoin treasury

DDC Enterprise still operates its Asian food product business. But the company’s identity has shifted so dramatically that its Bitcoin holdings now arguably define its investment thesis more than its food operations do.

One metric DDC has emphasized is Bitcoin per 1,000 shares. In one May transaction, the company reported an 8.4% increase in this figure without any shareholder dilution.

Many corporate Bitcoin buyers fund their purchases through equity raises, which can dilute existing shareholders. DDC’s approach of growing per-share BTC exposure without dilution suggests the company is financing acquisitions through operational cash flow or other non-dilutive means.

What this means for investors

DDC’s stock has effectively become a proxy for Bitcoin exposure on the NYSE American exchange. Investors buying DDC shares are getting a blend of food operations and Bitcoin treasury management, whether they want both or not.

With a cost basis near $221 million and a market value around $184 million as of early June, DDC is carrying an unrealized loss on its Bitcoin position. If Bitcoin prices continue to climb, those losses reverse quickly. If prices drop further, the company’s balance sheet takes a hit that its food business alone probably can’t absorb.

The key number to watch going forward is whether DDC crosses the 3,000 BTC threshold. At the current pace of accumulation, roughly 90 to 200 BTC per purchase, that milestone could arrive within weeks.