In this paper, a novel Multi-loop Moving Coil Linear Compressor (M-MC-LC) is studied, in which the piston is driven by the Co-core Bilateral Reverse Coil (CBRC) in a reciprocating motion within the magnetic array. The DC excitation technique is introduced to address the phenomenon that the piston is axially offset under the influence of gas force. In order to clarify the effect of DC excitation on the performance of the moving-coil linear compressor, the compressor prototype is developed, and the dynamic performance testing test-bed and the refrigeration performance test-bed are built to qualitatively and quantitatively analyze the relevant performance parameters of the compressor from theoretical and experimental aspects. The results show that when the DC excitation accounts for less than 20% of the total input voltage, the pressure ratio increases with the increase of DC excitation; when the percentage is at 22.9%, a sudden drop in the volumetric efficiency of compressor occurs. Mass flow and COP increases first and then decreases with the increase of DC voltage excitation. The study results provide a guideline for the stable and reliable operation of the system and provide a valuable reference for the linear compressor piston offset adjustment.