Key Points
- DDC Enterprise Limited raised $124 million in a new equity financing round on Oct. 8, with Bitcoin trading within a 2% range.
- The firm aims to increase its Bitcoin holdings to 10,000 by the end of 2025.
On October 8, DDC Enterprise Limited successfully raised $124 million via a new equity financing round. This was achieved at $10.00 per Class A share, marking a 16% premium over the closing price on October 7. During this time, Bitcoin traded within a narrow 2% range, between $120,600 and $123,500.
Investment Round and Future Plans
The investment round was spearheaded by PAG Pegasus Fund and Mulana Investment Management, with additional participation from OKG Financial Services Limited, a subsidiary of OKG Technology Holdings Limited. Norma Chu, the Founder, Chairwoman, and CEO of DDC, also personally invested $3 million, illustrating her confidence and long-term alignment with shareholders.
Chu expressed her pride in welcoming PAG Pegasus Fund, OKG, and Mulana as strategic partners and shareholders. She acknowledged them as some of the most respected names in global finance and digital assets. She added that their investment strongly endorsed their vision and the increasing significance of public Bitcoin treasuries.
Almost all participants, including Chu, agreed to a 180-day lock-up period on the stock holdings after the deal was finalized. The company confirmed that the newly raised capital would fund Bitcoin purchases and enhance its global standing as a leading Bitcoin treasury firm. The firm, which currently holds 1,058 Bitcoin, issued a target of 10,000 Bitcoin by the end of 2025.
Market Predictions and Expectations
With DDC’s $124 million treasury commitment and record ETF inflows providing robust liquidity support, short-term speculators maintain an optimistic outlook that Bitcoin could post another increase before the end of the month.
Data from Kalshi’s real-time prediction markets show traders pricing a 49% probability of Bitcoin reaching $130,000 by October 30, with over $205,000 in new wagers placed in the last 24 hours. This bullish sentiment aligns with the risk-on sentiment observed among US institutional players since the government shutdown began last week.
If US corporate demand continues to counterbalance profit-taking pressure following Bitcoin’s latest all-time high, predictions market optimism could potentially set the stage for another breakout towards $129,999 in the weeks ahead.
