DDC Enterprise Limited, a company listed on the New York Stock Exchange, has successfully completed a $124 million equity financing round. The round was led by PAG Pegasus Fund, with participation from OKG Financial Services Limited and Mulana Investment Management. DDC's founder, chairman, and CEO, Zhu Jiaying, contributed $3 million personally. All investors, including Zhu, have agreed to a 180-day lock-up period for their shares to support DDC's Bitcoin treasury strategy.