DDC Raises $124M to Expand Bitcoin Treasury
- DDC raised $124M for its Bitcoin strategy, aiming for 10,000 BTC.
- DDC’s share price rose following the strategic announcement.
- PAG Pegasus Fund among key investors supporting the initiative.
DDC Enterprise Limited raised $124 million in an equity deal, led by key investors including PAG Pegasus Fund and Mulana Investment Management, to expand its Bitcoin treasury holdings.
The funding signifies increased institutional adoption of Bitcoin, targeting 10,000 BTC by 2025, and spurred a 3.5% rise in DDC’s shares, reflecting strong investor sentiment.
DDC Enterprise Limited has successfully raised $124 million through an equity deal to support its ambitious Bitcoin treasury initiative. The company aims to accumulate 10,000 BTC by the end of 2025, marking a significant expansion in their cryptocurrency strategy.
Key figures involved include Norma Chu, the CEO who invested $3 million personally. This round was led by PAG Pegasus Fund, Mulana Investment Management, and OKG Financial Services Limited. All participants face a 180-day lock-up period.
“This financing round contributes not only capital, but also substantial strategic value and momentum as we advance DDC’s position as a global leader in the institutional Bitcoin space,” said Norma Chu, Founder, Chairwoman, and CEO, DDC Enterprise. source
The announcement led to a 3.5% increase in DDC shares, showcasing investor confidence. The on-chain price of Bitcoin, currently at a peak, showed no immediate changes despite the update, highlighting market stability.
Financially, the funds are directed towards strengthening Bitcoin reserves, corporate infrastructure, and strategic collaborations, according to company statements. This scenario highlights the increasing institutional trust in public Bitcoin treasuries supported by high-profile asset managers. The Crypto Basic provides further insights on such trends.
DDC is mirroring historical treasury trends similar to MicroStrategy’s strategy, aiming for increased crypto exposure. Success stories like MicroStrategy’s have seen substantial stock gains, a goal DDC seems set on pursuing with its BTC focus.
Insights into potential outcomes suggest financial gains and increased Bitcoin treasury adoption. Past trends show companies embracing similar strategies have experienced stock volatility and growth. The exclusive focus on BTC differentiates DDC, projecting strategic growth. TradingView outlines similar strategic movements in the market.
