{"id":42541,"date":"2025-05-16T19:00:40","date_gmt":"2025-05-16T16:00:40","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=42541"},"modified":"2025-05-16T16:14:49","modified_gmt":"2025-05-16T13:14:49","slug":"china-brand-daydaycook-starts-accumulating-btc","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/china-brand-daydaycook-starts-accumulating-btc\/","title":{"rendered":"China Brand DayDayCook Starts Accumulating Bitcoin"},"content":{"rendered":"<p class=\"\" data-start=\"67\" data-end=\"508\">An important development has emerged in China, a country known for its strict stance on cryptocurrencies. <a href=\"https:\/\/coinengineer.net\/blog\/starknet-achieves-stage-1-decentralization-becomes-top-zk-rollup-network\/\"><strong data-start=\"173\" data-end=\"193\">DayDayCook (DDC)<\/strong><\/a>, a consumer brand with roots in Hong Kong and operations in mainland China, has announced the launch of a <strong data-start=\"300\" data-end=\"333\">Bitcoin accumulation strategy<\/strong>. DDC CEO <strong data-start=\"343\" data-end=\"356\">Norma Chu<\/strong> stated in a letter sent to investors on May 15 that the company has purchased 100 Bitcoin and aims to accumulate <strong data-start=\"470\" data-end=\"507\">5,000 BTC over the next 36 months<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/china-brand-daydaycook-starts-accumulating-btc\/#DayDayCook_Sets_36-Month_Target\" title=\"DayDayCook Sets 36-Month Target\">DayDayCook Sets 36-Month Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/china-brand-daydaycook-starts-accumulating-btc\/#No_Bitcoin_Mention_in_SEC_Filings\" title=\"No Bitcoin Mention in SEC Filings\">No Bitcoin Mention in SEC Filings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/china-brand-daydaycook-starts-accumulating-btc\/#Crypto_Ban_Continues_in_China_but_Signs_of_Easing_Appear\" title=\"Crypto Ban Continues in China, but Signs of Easing Appear\">Crypto Ban Continues in China, but Signs of Easing Appear<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"510\" data-end=\"545\"><span class=\"ez-toc-section\" id=\"DayDayCook_Sets_36-Month_Target\"><\/span>DayDayCook Sets 36-Month Target<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"547\" data-end=\"776\">In the initial phase, DayDayCook purchased 100 BTC worth approximately <strong data-start=\"618\" data-end=\"635\">$10.4 million<\/strong>. The company&#8217;s plan is to increase this figure to <strong data-start=\"686\" data-end=\"720\">500 BTC by the end of the year<\/strong>, and eventually reach <strong data-start=\"743\" data-end=\"775\">5,000 BTC within three years<\/strong>.<\/p>\n<p class=\"\" data-start=\"778\" data-end=\"1033\">Chu described this move as part of a strategy to make DDC &#8220;a pioneer in digital asset innovation.&#8221; This announcement came shortly after the company reported a <strong data-start=\"937\" data-end=\"969\">33% revenue increase in 2024<\/strong>, reaching <strong data-start=\"980\" data-end=\"1032\">273.3 million yuan (approximately $37.4 million)<\/strong>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">DDC Announces Strategy to Create Bitcoin Reserves &#8211; starting with 100 BTC with premium-priced DDC shares \ud83d\udc4f\ud83c\udffc\ud83d\udc4f\ud83c\udffc\ud83d\udc4f\ud83c\udffc <br \/>\u2705 100 BTC to start <br \/>We are ready! <a href=\"https:\/\/t.co\/ghznYbhcv4\">https:\/\/t.co\/ghznYbhcv4<\/a><\/p>\n<p>&mdash; Norma @ DDC (@ddcnorma) <a href=\"https:\/\/twitter.com\/ddcnorma\/status\/1922356453614006721?ref_src=twsrc%5Etfw\">May 13, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 data-start=\"1035\" data-end=\"1072\"><span class=\"ez-toc-section\" id=\"No_Bitcoin_Mention_in_SEC_Filings\"><\/span>No Bitcoin Mention in SEC Filings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"1074\" data-end=\"1383\">Although the company\u2019s CEO publicly disclosed the Bitcoin reserve plan, there is no direct mention of it in the official filings submitted to the <strong data-start=\"1220\" data-end=\"1269\">U.S. Securities and Exchange Commission (SEC)<\/strong>. However, the documents highlight the company\u2019s search for funding and its efforts to develop new revenue models.<\/p>\n<p class=\"\" data-start=\"1385\" data-end=\"1602\">The report includes the following statement:<br data-start=\"1429\" data-end=\"1432\" \/>\u201cThe company is working on strategies to generate additional funding for future operations. New steps are being planned to diversify revenue streams and reduce expenses.\u201d<\/p>\n<p class=\"\" data-start=\"1604\" data-end=\"1806\">Additionally, reference is made to the <strong data-start=\"1643\" data-end=\"1663\">FASB ASU 2023-08<\/strong> accounting standards update published at the end of 2023, which points to early application options regarding the accounting of crypto assets.<\/p>\n<h2 data-start=\"1808\" data-end=\"1869\"><span class=\"ez-toc-section\" id=\"Crypto_Ban_Continues_in_China_but_Signs_of_Easing_Appear\"><\/span>Crypto Ban Continues in China, but Signs of Easing Appear<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"1871\" data-end=\"2228\">DayDayCook\u2019s operations in both Hong Kong and China make its financial structure highly dependent on local political and economic developments. While <strong data-start=\"2021\" data-end=\"2080\">mainland China banned crypto trading and mining in 2021<\/strong>, Hong Kong&#8217;s more flexible stance and the <strong data-start=\"2123\" data-end=\"2158\">pro-crypto policies of the U.S.<\/strong> have sparked speculation that China may soften its hardline approach.<\/p>\n<p class=\"\" data-start=\"2230\" data-end=\"2376\">Although some experts remain skeptical about China lifting its <strong data-start=\"2293\" data-end=\"2308\">Bitcoin ban<\/strong>, the country <strong data-start=\"2322\" data-end=\"2375\">still plays a major role in global Bitcoin mining<\/strong>.<\/p>\n<p class=\"\" data-start=\"2378\" data-end=\"2596\">DayDayCook\u2019s recent move signals that <strong data-start=\"2416\" data-end=\"2441\">China-based companies<\/strong> are starting to reshape their digital asset strategies, and that the adoption of <strong data-start=\"2523\" data-end=\"2563\">Bitcoin as a corporate reserve asset<\/strong> is gaining momentum across Asia.<\/p>\n<hr \/>\n<p class=\"\" data-start=\"2378\" data-end=\"2596\"><i>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our<\/i><a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\">\u00a0<i>Telegram,<\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><i>\u00a0YouTube<\/i><\/a><i>, and<\/i><a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\">\u00a0<i>Twitter<\/i><\/a><i>\u00a0channels for the latest<\/i><a href=\"https:\/\/coinengineer.io\/news\/\" target=\"_blank\" rel=\"nofollow noopener\">\u00a0<i>news<\/i><\/a><i>\u00a0and updates.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An important development has emerged in China, a country known for its strict stance on cryptocurrencies. DayDayCook (DDC), a consumer brand with roots in Hong Kong and operations in mainland China, has announced the launch of a Bitcoin accumulation strategy. DDC CEO Norma Chu stated in a letter sent to investors on May 15 that<\/p>\n","protected":false},"author":29,"featured_media":42546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[15947,15948,15949,39],"class_list":["post-42541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-daydaycook-bitcoin","tag-daydaycook-china","tag-norma-chu","tag-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Brand DayDayCook Starts Accumulating Bitcoin - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/china-brand-daydaycook-starts-accumulating-btc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Brand DayDayCook Starts Accumulating Bitcoin - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"An important development has emerged in China, a country known for its strict stance on cryptocurrencies. 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