Key Market Information Discrepancy on February 20th - A Must-Read! | Alpha Morning Report

By: blockbeats|2025/02/20 10:30:03
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Featured News

1. Federal Reserve: 98% Probability of Maintaining Interest Rates in March

2. Meme Project PAIN: Refunds Completed, Investors Please Take Note

3. CLANKER Market Cap Surpasses $60 Million, 24-hour Surge Exceeds 74%

4. Compound Founder's Asset Management Company Superstate Surpasses $400 Million in AUM

5. Trump: Biden Administration's War on Bitcoin and Cryptocurrency Has Ended

Articles & Threads

1. "Which Cryptocurrency Companies Are Among Forbes' Top 50 Fintech Companies for 2025?"

Donald Trump wins the election, cryptocurrency prices soar, and people expect Trump's government to usher in a golden age for cryptocurrency. By December, the price of Bitcoin breaks through the $100,000 mark. In this environment, companies like Figure, Securitize, and Fireblocks have thrived, aligning with some of the most prominent trends in the industry.

2. "What Is the Intention of Coinbase, the Largest ETH Custodian, by Not Disclosing Staking Information for Five Consecutive Quarters?"

As the largest ETH staking custodian, Coinbase manages around 21% of staked ETH but has not disclosed ETH staking information for five consecutive quarters. Data shows a decrease in its staking percentage from 15%, possibly related to address rotation.

Market Data

Daily overall market funding heat (as reflected by funding rate) and token unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Key Market Information Discrepancy on February 20th - A Must-Read! | Alpha Morning Report

Token Unlocks

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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