DayDayCook Sets 36-Month Target

In the initial phase, DayDayCook purchased 100 BTC worth approximately $10.4 million. The company’s plan is to increase this figure to 500 BTC by the end of the year, and eventually reach 5,000 BTC within three years.

Chu described this move as part of a strategy to make DDC “a pioneer in digital asset innovation.” This announcement came shortly after the company reported a 33% revenue increase in 2024, reaching 273.3 million yuan (approximately $37.4 million).

DDC Announces Strategy to Create Bitcoin Reserves – starting with 100 BTC with premium-priced DDC shares
100 BTC to start
We are ready! https://t.co/ghznYbhcv4

— Norma @ DDC (@ddcnorma) May 13, 2025

No Bitcoin Mention in SEC Filings

Although the company’s CEO publicly disclosed the Bitcoin reserve plan, there is no direct mention of it in the official filings submitted to the U.S. Securities and Exchange Commission (SEC). However, the documents highlight the company’s search for funding and its efforts to develop new revenue models.

The report includes the following statement:
“The company is working on strategies to generate additional funding for future operations. New steps are being planned to diversify revenue streams and reduce expenses.”

Additionally, reference is made to the FASB ASU 2023-08 accounting standards update published at the end of 2023, which points to early application options regarding the accounting of crypto assets.

Crypto Ban Continues in China, but Signs of Easing Appear

DayDayCook’s operations in both Hong Kong and China make its financial structure highly dependent on local political and economic developments. While mainland China banned crypto trading and mining in 2021, Hong Kong’s more flexible stance and the pro-crypto policies of the U.S. have sparked speculation that China may soften its hardline approach.

Although some experts remain skeptical about China lifting its Bitcoin ban, the country still plays a major role in global Bitcoin mining.

DayDayCook’s recent move signals that China-based companies are starting to reshape their digital asset strategies, and that the adoption of Bitcoin as a corporate reserve asset is gaining momentum across Asia.

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