DDC Aims for Top 10 Bitcoin Holder Status After Massive $124M Boost

DDC Enterprise has secured a $124 million equity financing round as it intensifies efforts to become one of the world’s largest public Bitcoin holders. 

DDC share price (Source: Google Finance)

The round, priced at $10.00 per Class A share — a 16% premium to its Oct. 7 closing price — shows strong investor confidence in DDC’s Bitcoin treasury strategy.

Institutional Backing from PAG Pegasus and Mulana

The funding was led by PAG Pegasus Fund and Mulana Investment Management, joined by OKG Financial Services Limited, a subsidiary of OKG Technology Holdings. Founder, Chairwoman, and CEO Norma Chu personally invested $3 million, signaling her long-term faith in DDC’s vision.

All participating investors have agreed to a 180-day lock-up period, reinforcing their commitment to the company’s strategy centered on institutional Bitcoin exposure.

Chu described the deal as “a strong endorsement of our vision and the growing importance of public Bitcoin treasuries,” adding that the partnerships bring not only capital but “substantial strategic value.”

Aiming for a 10,000 BTC Treasury

Proceeds from the funding will primarily support DDC’s BTC accumulation program, targeting a reserve of 10,000 BTC. The initiative would position DDC among the top 10 public Bitcoin holders globally, alongside Strategy, Marathon Holdings, and Coinbase.

The company’s accumulation plan began in May 2024 with an initial 100 BTC purchase, followed by continued acquisitions that expanded its holdings to 138 BTC by June 2025 — worth approximately $10.8 million at the time.

That same month, DDC partnered with Animoca Brands to manage up to $100 million in BTC reserves, further establishing itself as a specialist in corporate Bitcoin treasury management.

Chu has called BTC both a “store of value and a hedge against macroeconomic volatility,” emphasizing that DDC’s dedicated treasury team and crypto-native advisory board are ensuring a disciplined, risk-aware approach to Bitcoin accumulation.

Bitcoin Treasuries Surge to 3.9 Million BTC

According to Bitcointreasuries.net, 202 public companies now collectively hold 3.9 million BTC. Strategy leads the pack with 640,000 BTC, followed by Marathon Holdings with 52,850 BTC. Should DDC hit its 10,000 BTC target, it would join this elite list of corporate holders, solidifying its presence among major BTC treasury operators.

DDC’s financial strength supports its expansion — with 2024 revenue hitting $37.4 million, a 33% year-over-year rise, and gross margins improving from 25% to 28.4%. Growth has been fueled by U.S. strategic acquisitions and operational efficiency.

Global Momentum in Corporate Bitcoin Adoption

DDC’s move aligns with a global surge in corporate Bitcoin accumulation. Dutch firm Amdax recently raised €30 million ($35 million) to launch the Amsterdam Bitcoin Treasury Strategy (AMBTS), aiming to acquire up to 1% of BTC’s total supply. 

In the U.S., Hyperscale Data launched a $100 million BTC treasury program in September, while CPOP and QMMM in Asia unveiled similar initiatives worth tens of millions of dollars.

According to River’s 2025 report, public companies now control 1.3 million BTC — more than double their combined holdings at the start of 2024. The world’s largest holders include Strategy, Marathon, Twenty One Company, and Japan’s Metaplanet, with Strategy maintaining roughly $80 billion in BTC reserves.

As institutional confidence deepens, DDC’s successful raise represents more than just capital — it marks a decisive step toward joining the upper ranks of the global Bitcoin treasury elite.