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.

BlockBeats News, October 8th, NYSE-listed company DDC Enterprise Limited (NYSE: DDC) 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 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, demonstrating his confidence and commitment to the long-term value creation of the company.

To further demonstrate confidence in the company's strategic direction and long-term value creation, almost all participating capital (including the founder's investment) has committed to lock up their shares for 180 days from the transaction completion date. The new funds from this round will support DDC's Bitcoin Treasury strategy and position it as a key leader in the global institutional Bitcoin treasury space.