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DDC Enterprise Limited (DDC) announced it secured investment agreements for a $124 million equity financing round at $10.00 per Class A share. The price represents a 16% premium to the company’s October 7, 2025 closing share price and is set close to the average closing price over the last 15 trading days.
PAG Pegasus Fund and Mulana Investment Management led the investment round, with participation from OKG Financial Services Limited, a subsidiary of OKG Technology Holdings Limited. DDC founder, chairwoman and CEO Norma Chu invested $3 million personally in the round.
All participating investors’ capital, including the founder’s investment, is subject to a 180-day lock-up period from the closing date. The company stated the capital will support its Bitcoin treasury strategy and strengthen its position in the institutional Bitcoin space.
DDC currently holds 1,058 Bitcoin and has set a goal of accumulating 10,000 Bitcoin by year-end 2025. The company describes itself as maintaining its foundation as a global Asian food platform while positioning Bitcoin as a core reserve asset.
Maxim Group LLC served as exclusive financial advisor for the transaction. The information is based on a company press release statement.