DDC Enterprise has completed a $124 million financing round, with participation from PAG Pegasus Fund, OKG, and Mulana. Founder Zhu Jiaying personally invested $3 million to advance the Bitcoin Treasury strategy.

On October 8th, DDC Enterprise Limited, a company listed on the NYSE (NYSE: DDC), successfully completed a $124 million equity financing. The issuance price for this round was $10 per share, which was close to the average closing price over the past 15 trading days and at a 16% premium to the closing price on October 4th. 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, Jia Ying Zhu, personally invested $3 million, showing his confidence and commitment to the company's long-term value creation. To further express confidence in the company's strategic direction and long-term value creation, almost all participating capital (including the founder's investment) has agreed to lock up the stock for 180 days starting from the transaction date. The new funds from this round will support DDC's Bitcoin treasury strategy and help it become a key leader in the global institutional Bitcoin treasury sector.