DDC files $500M F-3 shelf registration statement to advance its Bitcoin accumulation strategy

DDC Enterprise, an NYSE-listed e-commerce platform, announced in a recent letter to shareholders that it has filed a $500 million F-3 shelf registration statement with the U.S. Securities and Exchange Commission (SEC). According to Business Wire, DDC intends to leverage the funding to increase its Bitcoin (BTC) holdings to 10,000 BTC by the end of the year, seeking to become one of the top three Bitcoin treasury companies within three years.