Florida Drops Bitcoin Reserve Plan as Legislative Session Ends

By: cryptosheadlines|2025/05/06 23:16:56

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Florida’s withdrawal from Bitcoin bills highlights nationwide hesitation to integrate digital assets into public treasury portfolios.Arizona advances crypto legislation despite setbacks, with HB 2749 offering a budget-neutral path to a Bitcoin state reserve fund.Multiple U.S. states continue to see crypto reserve bills fail, underscoring growing caution despite Bitcoin’s rising market legitimacy.Florida has loofficially withdrawn its Bitcoin Reserve Bills, HB 487 and SB 550, after its 2025 legislative session adjourned on May 2 without passing either proposal. This move removes Florida from the growing but struggling list of U.S. states attempting to adopt digital assets into public finance strategies. Consequently, efforts to diversify state-managed funds through Bitcoin investment have stalled. The legislature chose to prioritize other bills, leaving the Bitcoin proposals indefinitely postponed.The two bills, introduced in February, sought to allow the state to invest up to 10% of select funds in Bitcoin. HB 487 targeted funds managed by the Chief Financial Officer and the State Board of Administration. SB 550 mirrored this goal, focusing on authorizing public fund investments in Bitcoin. However, both failed to gain traction as the session wrapped up. Lawmakers did extend the session to June 6—but only to finalize budget matters, not crypto legislation.Broader Trend of Bitcoin Bill FailuresFlorida now joins other states like Wyoming, South Dakota, and Montana, all of which have seen similar Bitcoin bills collapse. According to Bitcoin Laws, multiple attempts to pass crypto reserve initiatives have failed in recent months. Significantly, this trend signals broader skepticism toward integrating digital assets into government portfolios. Legislators across the U.S. appear cautious despite Bitcoin’s increasing legitimacy in global markets.Meanwhile, Arizona nearly took the lead by pushing its House Bill 1025 further than any other state to date. The bill would have enabled the state to invest seized funds in Bitcoin through a managed reserve. However, Governor Katie Hobbs vetoed the bill on May 3, calling digital assets “untested investments.” The decision disappointed crypto advocates and figures like Anthony Pompliano, who criticized the veto as shortsighted.Arizona Still in the RunningDespite the setback, Arizona still has two Bitcoin-related bills in circulation. HB 2749, the more promising of the two, proposes a budget-neutral reserve funded by profits from unclaimed property. Additionally, SB 1373 could allow the state treasurer to allocate up to 10% of state funds into digital assets. Both bills remain under consideration and may soon come to a vote.Source link

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