NYSE-Listed DDC Raises $124M at $10/Share to Power Bitcoin Treasury Strategy
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DDC Enterprise Limited (NYSE: DDC) completed a $124 million equity financing, issuing shares at $10 per share, a price reported to be near the 15‑day average and representing a 16% premium versus the October 4 closing price.
The placement was led by PAG Pegasus Fund with participation from OKG Financial Services Limited (a subsidiary of OKG Technology Holdings Limited) and Mulana Investment Management; founder, chairman and CEO Jia Ying Zhu contributed a $3 million direct investment as part of the round.
Nearly all subscribing capital has committed to a 180‑day lock‑up, and the company stated the new capital will support its Bitcoin Treasury strategy, targeting growth within the institutional Bitcoin treasury market.