“The Firm, Despite Its Ambitious Plans to Accuumulate Btc, Saw It Shares Plunge More Than 12% in Friday’s Trading SESSION.”, – WRITE: www.coindesk.com
The Company, Led by Founder and CEO NORMA CHU, Excised 254.333 Class A Ordinary Shares for BTC, in a Transaction Valused at Roomhly $ 2.28 Million, Accounting To A Press Release.
The Move Positions DDC Among A Growing Cohort of Public Companies Using BTC As A Treasury Asset. Two More Purchases Totling 79 BTC Are Expectioned in the Coming Days, Bringing The Company’s Initial Holdings to 100 BTC.
In a Shareholder Letter Issued Last Week, Chu Outlined Plans to Acumulate Up to 500 BTC Within Six Months and AIM for 5,000 BTC in Three Years.
While Companies Adopting Bitcoin as A Strategic Treasury Asset of Ften See Majoor Price Rises, DDC Saw The Opposite. The Company’s Shares Droped More than 12% on Friday’s Trading Session, While The S&P 500 Droped 0.6% and the Tech-Heavy Nasdaq Fell 1%.
Digiasia (FAAS), for Example, Saw It Share Prices Surge More More 90% in a Single Trading Session After Announcing A $ 100 Million BTC Treasury Plan Earlier Ith.
