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NEW YORK - DDC Enterprise Limited (NYSEAMERICAN:DDC), currently trading at $59.71 with a market capitalization of $54.95 million, has secured $124 million in equity financing to support its bitcoin treasury strategy, according to a company press release issued Wednesday.
The financing round was priced at $10.00 per Class A share, representing a 16% premium to the company’s October 7 closing price. According to InvestingPro data, the stock has shown relatively low price volatility and is currently trading near its 52-week low of $58.52. The investment consortium includes PAG Pegasus Fund, Mulana Investment Management, and OKG Financial Services Limited, a subsidiary of OKG Technology Holdings Limited.
DDC’s Founder, Chairwoman, and CEO Norma Chu is personally investing $3 million in the round. All participating investors, including Chu, have committed to a 180-day lock-up period from the closing date.
The capital will be used to advance DDC’s bitcoin treasury strategy. The company reports it has already acquired 1,058 bitcoin and aims to reach 10,000 bitcoin by the end of 2025.
"This financing round contributes not only capital, but also substantial strategic value and momentum as we advance DDC’s position as a global leader in the institutional Bitcoin space," said Chu in the statement.
Jack Li, Partner and Founder of PAG Pegasus Fund, expressed confidence in DDC’s leadership, while Gillian Wu, Founder and CEO of Mulana Investment Management, praised the company’s approach to bitcoin treasury management.
Maxim Group LLC served as the exclusive financial advisor for the transaction.
DDC Enterprise Limited describes itself as a company that combines a global Asian food platform business with a bitcoin treasury strategy. InvestingPro analysis reveals the company maintains a weak financial health score of 0.85, with additional insights available for subscribers looking to make informed investment decisions in the crypto-adjacent space.
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