Nasdaq-Listed GD Culture Group Sells $300M in Shares to Buy Bitcoin ($BTC) and the $TRUMP Memecoin

A significant step is taken by Nasdaq-listed GD Culture Group in the landscape of digital assets. The platform has announced the sale of $300 million shares

Nasdaq-listed GD Culture Group is taking a significant step in the landscape of digital assets. As reported by Crypto Rover, the platform will be selling up to $300 million in shares to buy Bitcoin (BTC) and the $TRUMP memecoin.

The move is part of a broader initiative to integrate cryptocurrencies into the company’s core financial operations. The company is planning to apply for an adjustment to an existing stock purchase agreement with an investor based in the British Virgin Islands.

Nasdaq-listed GD Culture Group to Include Cryptocurrency in Treasury Strategy

The company has stated that a “significant portion” of the funds raised through the share sale will be used to acquire crypto assets. The funds will be used to purchase Bitcoin and the recently launched Official $TRUMP memecoin.

However, GD Culture group did not disclose the exact allocation between the two assets. Nonetheless, the platform has highlighted that this strategy reflects a company with a knack for thinking ahead of the times.

Through this approach, the company aims to enhance its financial resilience by utilizing trends in the digital age. Xiaojian Wang, the CEO of the company, further remarked, “GDC’s adoption of crypto assets as treasury reserve holdings is a deliberate strategy that reflects both current industry trends and our unique strengths in digital technologies and the livestreaming e-commerce ecosystem.”

AI and Livestreaming Firm Struggles with Financial Pressures

GD Culture Group operates through AI Catalysis and Shanghai Xianzhui Technology Co. Ltd. The company is registered in Nevada, whose current focus is on digital human technology and livestreaming e-commerce on platforms such as TikTok. The company has a lot of innovative ambitions, but in 2024, it reported a net loss of $14.1 million.

Moreover, the company's stock price has fallen below the minimum $2.5 million equity threshold set by Nasdaq. As a result, the company received notice from Nasdaq last month that it may be delisted if it does not present a plan to regain compliance within 45 days.

Therefore, GD Culture Group's bold step towards digital assets could be a crucial move to reemphasize its position in finance and technology.