Standard Chartered Bank: Long ETH with BMNR before the weekend has a good risk-reward ratio

By: theblockbeats.news|2026/01/24 00:00:33

BlockBeats News, January 23rd, according to CoinDesk, despite a strong start to the year, Ethereum and the entire crypto market experienced a pullback this week. However, Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, still sees reasons to remain bullish. During the early U.S. trading session on Friday, ETH was trading at around $2,912, down about 12% for the week and turned into a 1.7% decline since the beginning of the year. As the largest current enterprise Ethereum holder, Tom Lee's BitMine (BMNR) saw its stock price drop nearly 9% this week, expanding its year-to-date decline to about 10%.

Kendrick pointed out that Ethereum's network activity has surged in recent weeks, with transaction volume hitting a record high, mainly thanks to the December Fusaka upgrade that brought increased capacity. He stated that the surge in usage marks a difference from past cycles, where previous upgrades failed to drive sustained network growth. Unlike past upgrades, Fusaka appears to be alleviating previous bottlenecks, allowing more users and developers to smoothly complete transactions. This capacity upgrade distinguishes the current wave of growth from previous ones.

Kendrick noted that BitMine has shown no signs of slowing down its Ethereum purchases, and Tom Lee outlined the company's plans for more acquisitions in an annual shareholder meeting last week. The macroeconomic environment has also played a positive role. The elimination of Greenland-related tariff risks, the rebound in the Japanese bond market earlier this week after a panic sell-off, and the increasing likelihood of BlackRock's fixed-income chief Rick Rieder becoming the next Fed chair, all bode well for risk assets. This should be positive for cryptocurrencies, and going long on ETH and BMNR over the weekend seems to offer a good risk/reward ratio.

-- Price

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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