DDC Secures $124M at 16% Premium to Supercharge 10,000 Bitcoin Treasury

Core Insights - DDC Enterprise has raised $124 million in equity financing to enhance its Bitcoin treasury strategy, with the funding priced at a 16% premium to its recent trading price [1][2] - The investment round was led by PAG Pegasus Fund and Mulana Investment Management, with additional participation from OKG Financial Services Limited, indicating strong institutional interest [2] - The company aims to build a reserve of 10,000 BTC, positioning itself among the top public holders of Bitcoin [3][4] Funding Details - The equity financing round was priced at $10.00 per Class A share, reflecting a strategic move to bolster DDC's Bitcoin accumulation efforts [1] - Founder and CEO Norma Chu personally invested $3 million, demonstrating her commitment to the company's vision [2] Investment Strategy - All investors, including Chu, have agreed to a 180-day lock-up period, indicating confidence in the company's future trajectory [3] - DDC's Bitcoin treasury program is a key component of its long-term value creation strategy, with a dedicated team and advisory board to manage acquisitions [6] Historical Context - DDC has steadily increased its Bitcoin holdings, reaching 138 BTC by June 2025, with an average purchase price of $78,582 per coin, totaling approximately $10.8 million [5] - The company has partnered with Animoca Brands to manage up to $100 million worth of BTC, further establishing its reputation in the corporate Bitcoin treasury space [5] Vision and Market Position - Norma Chu emphasized the importance of public Bitcoin treasuries and the strategic value of partnerships with institutional investors [4] - The company's accumulation plan is viewed as a hedge against macroeconomic volatility, reinforcing its long-term strategy [6]