PANews reported on May 24 that according to Businesswire, cross-border consumer goods e-commerce group DDC Enterprise (NYSE: DDC) announced the completion of the purchase of the first 21 bitcoins as part of its strategy to incorporate bitcoin into the company's reserves. The company completed the purchase of approximately $2.28 million worth of bitcoins by issuing 254,333 Class A common shares in exchange for equity. DDC plans to complete the purchase of the remaining 79 bitcoins in the next few days, when its bitcoin reserves will reach 100. In a letter to shareholders, the company's founder and CEO Norma Chu disclosed that the goal is to hold a total of 500 bitcoins within six months and 5,000 within three years.