When DDC Enterprise refreshed its record with a single acquisition of 300 BTC, and Metaplanet injected new blood into its Bitcoin treasury by issuing $150 million in preferred stock, the scale of capital operations by global listed companies in the crypto asset field exceeded $160 million yesterday, showcasing the dual maturity of institutions in direct coin holding and financial tool utilization.
- BTC Holdings: DDC Enterprise's Scaled Leap and Yield Management
DDC Enterprise Limited (NYSE: DDC) made a historic acquisition that marks a new stage in its strategy:
Scale and Milestone: The agreement to purchase 300 Bitcoins represents the largest single BTC acquisition in the company's history. Upon completion, its total holdings will surge to 1,383 BTC, an increase of nearly 30% from before.
Outstanding Yield Performance: The company expects its Bitcoin yield for the second half of 2025 to reach 99%, reflecting its precise entry timing and efficient treasury management capabilities.
Shareholder Value Transmission: This increase in holdings translates the company's share value to 0.059333 BTC per 1,000 shares of DDC stock, an increase of 28% from the last disclosure, directly linking the value growth of Bitcoin reserves to shareholder equity.
- Capital Engine: Metaplanet's Innovative Financing and Treasury Reinforcement
Metaplanet (TYO: 3350) demonstrated its mature capital operation capabilities through strategic financing:
Announced the issuance of $150 million in "MERCURY" Class B perpetual preferred stock, which offers a fixed annual dividend of 4.9%, with a conversion price of 1,000 yen.
The raised funds will be explicitly used to expand its Bitcoin treasury strategy, aiming to further increase the proportion of BTC on its balance sheet.
This move is part of its capital restructuring, aimed at enhancing financial flexibility and providing stable, low-cost funding for continued Bitcoin accumulation.
- Ecological Layout: The Virtual Asset Service Outlook of Hong Kong Listed Companies
International Business Digital Technology (HKEX: 01782) is focusing on future tracks with its business foresight:
Announced plans to place up to 28 million shares at a placement price of HKD 3.60 per share, expecting a net fundraising amount of approximately HKD 99.72 million.
The company clearly stated that 20.06% (approximately HKD 20 million) of the funds will be used for future deployment of virtual asset service business in overseas markets, subject to regulatory approval.
This reflects that some listed companies are no longer satisfied with merely allocating assets but are beginning to expand into the role of service providers in the crypto ecosystem.
- Trend Insights: From Capital Investment to Structural Growth
The three dynamics yesterday collectively outline the evolution path of institutional participation:
Refined Holding Strategy: DDC's large acquisition and nearly 99% expected yield indicate that institutional holding strategies have upgraded from "buy and hold" to proactive scale management and yield optimization.
Diversified Financing Tools: Metaplanet's use of perpetual preferred stock as a hybrid capital tool for financing shows that listed companies are leveraging more complex, low-cost financial instruments to support their crypto strategies, which helps reduce funding costs and enhance financial stability.
Expanded Business Boundaries: From direct investment in assets to laying out virtual asset service businesses, institutional participation is permeating the entire industry chain, seeking a more comprehensive ecological position.
Market data shows that in the second half of 2025, cases of special financing for Bitcoin treasuries through bond or preferred stock issuance increased by over 150% quarter-on-quarter.
From DDC Enterprise's substantial acquisition of 300 BTC to Metaplanet's cleverly designed $150 million preferred stock, capital is flowing into the crypto field in a larger, smarter, and more strategic manner. This signals the end of the "pilot period" for listed companies' crypto allocations, and a new era of structural capital allocation and business restructuring around digital assets is fully unfolding.
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