DDC Enterprise Secures $124M Equity Round for Bitcoin Treasury Expansion
DDC Enterprise Limited completed a $124 million equity financing round at $10.00 per Class A share, a 16% premium over the previous day's closing price. This investment was led by PAG Pegasus Fund and Mulana Investment Management, with OKG Financial Services Limited also participating. DDC's CEO, Norma Chu, contributed $3 million personally.
- Participants agreed to a 180-day lock-up on their stock holdings.
- The funds will be used to purchase Bitcoin and position DDC as a leading Bitcoin treasury firm.
- DDC aims to increase its holdings from 1,058 BTC to 10,000 BTC by the end of 2025.
Bitcoin Prediction Markets
- Kalshi prediction markets show a 49% probability of Bitcoin reaching $130,000 by October 30.
- Over $205,000 in new wagers were placed in the last 24 hours.
- This aligns with the positive sentiment among US institutional investors amid ongoing government shutdown concerns.