Nasdaq-listed GD Culture Group announced that it has chosen Bitcoin (BTC) and US President Donald Trump’s memecoin Official Trump (TRUMP) as part of its cryptocurrency holding strategy.
According to the official statement, GD Culture Group announced that it has reached an agreement to sell $300 million worth of shares to finance its cryptocurrency strategy.
At this point, the company has signed a stock purchase agreement with a British Virgin Islands-based company that has pledged to provide up to $300 million in financing to purchase Bitcoin and TRUMP as long-term reserve assets.
GD Culture Group stated that the funds will be used to support its crypto treasury strategy, including the purchase of Bitcoin and TRUMP.
Mr. Xiaojian Wang, Chairman of the company, said:
“GDC’s adoption of crypto assets as treasury reserves is a deliberate strategy that reflects both current industry trends and our unique strengths in digital technologies and the livestream e-commerce ecosystem.
Our significant partnership with the British Virgin Islands-based investor provides strong momentum for this initiative, reinforcing our leadership in pursuing growth opportunities and embracing blockchain-driven industrial transformation.
We believe our forward-looking strategy will further strengthen our financial foundation and drive long-term value creation for our shareholders as decentralized finance continues to evolve.”
*This is not investment advice.