Nasdaq-listed GD Culture Group sells $300 million in shares to buy Bitcoin ($btc) and $trump Memecoin

Nasdaq-listed GD Culture Group has taken an important step in the field of digital assets. The platform announced it would sell $300 million worth of shares.

As cryptocurrency rovers reported, GD Culture Group plans to buy Bitcoin (BTC) and $TRUMP MEMECOIN by selling up to $300 million in stock. This is part of the company's broader plan to integrate cryptocurrencies into its core financial operations. The company also plans to apply for adjustments to existing stock purchase agreements with investors in the UK's Virgin Islands.

Nasdaq-listed GD Culture Group incorporates cryptocurrency into its treasury strategy

The company said a "significant portion" of the funds raised through the stock sale will be used to acquire crypto assets. These funds will be used to purchase Bitcoin and the newly launched $TRUMP MEMECOIN. Although the specific distribution between the two assets was not disclosed, the platform stressed that this is the strategy of a forward-looking company.

In this way, GD Culture Group aims to enhance its financial resilience by leveraging trends in the digital age. Wang Wang, the company’s CEO, further pointed out: “GDC’s adoption of crypto assets as Treasury reserves is an intentional strategy that reflects current industry trends and our unique advantages in the digital technology and e-commerce ecosystem.”

Artificial intelligence and live streamers fight financial stress

GD Culture Group is operated through AI catalysis and Shanghai Xianzhui Technology Co. Ltd. The company is registered in Nevada and currently focuses on digital human technology and conducts e-commerce on platforms such as Tiktok. Despite the company's many innovative ambitions, in 2024, the net loss reached $14.1 million.

In addition, the company's share price has dropped to the lowest equity threshold set by Nasdaq. As a result, the company received a notice from Nasdaq last month that it could be delisted if it does not propose a plan to regain compliance within 45 days.

Therefore, this bold move by GD Culture Group toward digital assets may be a key step in re-emphasizing its position in finance and technology.

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