LATEST: Nasdaq Listed GD Culture Group Plans $300M Share Sale for Bitcoin Purchase

Nasdaq-listed GD Culture Group has announced a major move into crypto by signing a stock purchase agreement worth up to $300 million with an investor based in the British Virgin Islands. The company plans to use a large part of the funds to buy and hold digital assets including Bitcoin and the Official Trump memecoin as part of its new treasury strategy.

The digital human and e-commerce firm aims to strengthen its balance sheet by integrating crypto into its core financial operations. Chairman and CEO Xiaojian Wang said the decision aligns with current market trends and builds on the company’s digital technology expertise. This follows a growing wave of companies backing crypto assets amid rising support for digital currencies in the US.

Despite reporting a $14.1 million loss in 2024 and facing Nasdaq compliance issues GD Culture remains focused on innovation. Its operations include AI-driven digital humans and livestream e-commerce mainly through subsidiaries in China. The company is following a bold path as crypto continues gaining ground in mainstream business strategies.

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