DDC Enterprise lands $124 million in sprint to build 10,000 bitcoin war chest
Quick Take Achieving its 10,000 BTC target by 2025 would push DDC into the top tier of publicly listed bitcoin treasuries. The financing round was priced at a 16% premium to DDC’s stock, currently trading for nearly $9.
NYSE-listed DDC Enterprise has secured $124 million in equity financing to accelerate its bitcoin accumulation strategy, the company said Tuesday.
The round was led by PAG Pegasus Fund and Mulana Investment Management, with additional backing from OKG Financial Services. Founder and CEO Norma Chu also contributed $3 million personally.
Shares were issued at $10 apiece — a 16% premium to DDC’s Oct. 7 closing price. The company said the funds will be used to expand its bitcoin treasury, targeting 10,000 BTC, worth over $1.2 billion in today's prices, by the end of 2025.
DDC currently holds 1,058 BTC, according to public disclosures, ranking it 47th among listed bitcoin treasuries. Achieving its stated goal would move the company just outside the global top 10. At today’s levels, DDC stock trades near $9, with a market-to-net-asset-value ratio of 0.63 relative to its bitcoin holdings, meaning its shares trade at a steep discount to the value of its underlying bitcoin.
Chu framed the financing as a strategic endorsement of DDC’s dual identity as both a meal platform and a digital asset treasury. “Their investment is a strong endorsement of our vision and the growing importance of public bitcoin treasuries,” she said in a statement.
The company, best known for its DayDayCook and Nona Lim brands, reported $37.4 million in 2024 revenue as it expanded further into U.S. markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Convergence of Social Justice and Renewable Energy Implementation in Developing Economies
- IEA data shows emerging markets need $45B/year by 2030 to achieve universal clean energy access, with Africa and Asia facing the greatest demand. - Renewable projects in low-income regions demonstrate nonlinear ESG impacts, with solar microgrids directly reducing energy poverty for 600M+ Africans. - PIDG's $27M guarantees mobilized $270M in African renewables, proving blended finance models can de-risk investments while creating 200-300MW capacity. - Kenya's M-KOPA and Indonesia's JETP showcase scalable
Stanford’s top journalist challenges Silicon Valley’s startup scene, calling out its obsession with wealth
PENGU Token Experiences Rapid Growth: Could This Signal the Onset of a Bullish Trend in Cryptocurrency?
- PENGU token's 25% surge since Nov 2025 sparks debate over altcoin revival vs speculative frenzy. - Technical indicators show mixed signals with bullish patterns but bearish RSI divergence and compressed Bollinger Bands. - Whale accumulation and $4.3M institutional inflows contrast with broader altcoin weakness (ETH -27%, SOL -31%). - Upcoming 41% supply unlock on Dec 17 poses $288M selling pressure risk amid fragile market conditions. - Token's future depends on sustaining institutional support, navigati
Clean Energy Market Fluidity: How REsurety's CleanTrade Platform is Transforming the Industry
- REsurety's CleanTrade platform, CFTC-approved as a SEF, standardizes trading of VPPAs, PPAs, and RECs to boost clean energy liquidity. - By aligning with ICE-like regulations and offering real-time pricing, it reduces counterparty risks and bridges traditional/renewable energy markets. - The platform achieved $16B in notional volume within two months, signaling maturing markets where clean assets gain institutional traction. - CleanTrade's analytics combat greenwashing while streamlining transactions, en
Trending news
MoreCrypto prices
More
