DDC Enterprise Limited operates an Asian food platform under the DayDayCook brand, offering ready-to-eat and ready-to-cook meal products in China, Hong Kong, and the US. The company adopted a Bitcoin treasury strategy in May 2025, using proceeds from convertible notes and equity financings to acquire BTC.
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| DDC-Jul27 | Jul '25 – Jul '27 | 0% | 26.32M USD | 26.32M USD | 13.65 USD | 9.3x |
| Total | 26.32M USD | |||||
Fully converted via notices dated Mar 25 and Apr 8, 2026; 16M preferred -> 9,924,598 Class A at $3.30/share
Form 6-K (FY2025 earnings release & Satoshi preferred conversion)