PANews reported on October 8th that DDC Enterprise Limited, a NYSE-listed company, completed a $124 million equity financing round led by PAG Pegasus Fund, OKG Financial Services Limited (a subsidiary of OKG Technology Holdings Limited), and Mulana Investment Management. DDC founder, chairman, and CEO Zhu Jiaying personally invested $3 million. It is reported that almost all participating investors in this round of financing (including the founders' investment) have pledged to lock up their shares for 180 days from the date of transaction completion to support the implementation of DDC's Bitcoin treasury strategy.