DDC Enterprise
DDC · NYSE AmericanTreasury vehicleMediumUnited States
BTC held
2,899
as of Jun 17, 2026 · 0.014% of 21M
Value now
$225M
at BTC $77,557
Basic mNAV
0.09×
mkt cap $20M as of Aug 28, 2026
Sats per share
5,885
49M shares as of Aug 28, 2026
Cost basis
- Average cost per BTC
- $78,204
- Total invested
- $227M
- Unrealized gain
- $-2M (-0.8%)
Treasury debt
- First tranche of a convertible note facility with Anson Funds carrying up to $275M additional committed capacity (up to $300M total); part of a $528M financing package that also includes a ~$26M PIPE and a $200M equity line of credit. A $500M universal shelf is also on file. · 0%$25M · due 2027-07 (24 months from July 2025 issuance)
Recent activity
DDC bought 200 BTC in January 2026 (its first 2026 purchase) and kept accumulating through the spring — 2,383 BTC by April 21, 2,583 by May 21, and 2,899 BTC at an average cost of $78,204 as of the June 17, 2026 purchase announcement. No new purchases have been announced since; its August 4, 2026 guidance highlighted 28% 1H2026 revenue growth and BTC per 1,000 fully diluted shares up 53.3% YTD.
Risk notes
Stock trades at an extreme discount to its bitcoin position (~$20M market cap vs ~$227M BTC cost basis), an unexplained mNAV anomaly; share price of ~$0.415 (down 23% on Aug 28 alone) raises listing-compliance and dilution risk, and the treasury build relies on the Anson convertible facility and equity-linked issuances (e.g., shares issued to Satoshi at $3.30 and Bristol Point at $2.49).
Sources
- https://bitcointreasuries.net/public-companies/ddc-enterprise-limited
- https://www.stocktitan.net/sec-filings/DDC/6-k-ddc-enterprise-ltd-current-report-foreign-issuer-bef1ed20d1ea.html
- https://www.globenewswire.com/news-release/2026/08/04/3338322/0/en/DDC-Announces-28-Revenue-Growth-and-Approx-3x-Increase-in-Adjusted-EBITDA-for-1H2026-Results-Guidance.html
- https://www.coindesk.com/markets/2026/01/16/ddc-enterprise-buys-200-bitcoin-in-first-2026-treasury-move
- https://lasvegassun.com/news/2026/may/21/ddc-acquires-200-bitcoin-lifting-total-holdings-to/
- https://ir.ddc.xyz/news-events/press-releases/detail/41/ddc-enterprise-announces-up-to-528-million-raise-to-accelerate-bitcoin-treasury-strategy
- https://stockanalysis.com/stocks/DDC/
- https://bitcointreasuries.net/
Figures are compiled from public disclosures and may lag. This page is information, not investment advice or a recommendation regarding DDC securities.