DDC Enterprise completed a $124 million financing round, with PAG Pegasus Fund, OKG, and Mulana participating together. Founder Zhu Jiaying personally invested $3 million to promote the Bitcoin treasury strategy.

On October 8, DDC Enterprise Limited (NYSE: DDC), a company listed on the New York Stock Exchange, completed a $124 million equity financing. The issuance price for this round was $10 per share, close to the average closing price over the past 15 trading days, representing a 16% premium over the closing price on October 4. This round of financing was led by PAG Pegasus Fund, OKG Financial Services Limited (a subsidiary of OKG Technology Holdings Limited) and Mulana Investment Management. DDC's founder, chairman, and CEO, Zhu Jiaying, personally invested $3 million, demonstrating his confidence and commitment to the company's long-term value creation. To further reflect confidence in the company's strategic direction and long-term value creation, nearly all participating investors (including the founder's investment) have committed to lock up their shares for 180 days from the completion of the transaction. The newly raised funds will support the execution of DDC's Bitcoin treasury strategy and help it become a significant leader in the global institutional Bitcoin treasury sector.