Nasdaq-listed GDC Plans $300M Share Sale to Acquire Bitcoin and TRUMP Tokens

Highlights:

• GDC signs an agreement to sell up to $300 million worth of shares, focusing on crypto assets.
• GDC plans to add BTC and TRUMP memecoin to its treasury.
• The company is struggling with a $14.1 million loss and a potential Nasdaq delisting.

GD Culture Group, listed on Nasdaq, has entered a stock purchase agreement with an investor from the British Virgin Islands to sell shares worth up to $300 million. The company intends to allocate a large portion of the funds to acquire, manage, and integrate crypto assets.

The company’s crypto asset treasury strategy involves buying Bitcoin (BTC) and the Trump-themed OFFICIAL TRUMP (TRUMP) token. However, it hasn’t disclosed the exact amounts for each. GD Culture focuses on AI digital human technology for creating realistic virtual humans. It also operates live-streaming e-commerce on platforms like TikTok. Its decision to add these tokens to its balance sheet shows its interest in decentralized finance (DeFi). This move follows the growing trend of public companies using crypto in their financial plans.

Chairman and CEO of the GDC, Xiaojian Wang, said:

“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.”

GDC Faces Financial Challenges

Even with its crypto plans, GDC is still facing financial problems. It reported a $14.1 million net loss last year, slightly better than last year’s $14.3 million loss. Nasdaq also warned GDC for not meeting the $2.5 million stockholders’ equity rule. The company has 45 days to fix this or it could be delisted. Established in 2016, GDC is a small-scale company with a market valuation of $34 million, as reported by Nasdaq.

Nasdaq-listed GD Culture Group Limited announced that it has signed a common stock purchase agreement with a BVI company, which has pledged to provide up to $300 million in financing, mainly to purchase Bitcoin (BTC) and OFFICIAL TRUMP (TRUMP) tokens as long-term reserve assets.…

— Wu Blockchain (@WuBlockchain) May 13, 2025

Wang said the company’s move toward crypto is a planned step that follows current market trends. He believes this new direction will help improve GDC’s balance sheet and open up fresh growth chances. Wang shared confidence in the plan, saying it will bring long-term value for shareholders. He also highlighted the company’s strong belief that blockchain is the future of finance.

Crypto Holdings Surge Following Trump’s Call for National Reserves

The move comes after U.S. President Donald Trump called for national crypto reserves. This has led many companies to grow their crypto holdings. For example, Freight Technologies, a Nasdaq-listed firm, recently made a deal to get up to $20 million to buy the Official Trump memecoin.

Michael Saylor’s company, Strategy, bought 13,390 more BTC for $1.34 billion. It now holds 568,840 BTC, worth over $59 billion. Japan’s Metaplanet added 1,241 BTC, raising its total to 6,796 BTC. This is now more than El Salvador’s Bitcoin holdings.

GDC’s news comes just before a big event linked to the Trump token. The leading 25 holders of the TRUMP token are set to attend an exclusive dinner at the White House on May 22. But on May 12, the TRUMP project said it’s no longer accepting new buyers for the dinner. It also told invited guests to start their background checks.

The First $TRUMP Competition is officially over! Details and what's next for $TRUMP Below:

If you were in the top 220 on the leaderboard, check the email you signed up with for details on the Dinner with President Trump as soon as possible. There will be background checks that…

— TrumpMeme (@GetTrumpMemes) May 12, 2025

Bitcoin traded down 0.8% over the past 24 hours, changing hands at $103,494 at press time, according to CoinMarketCap. Meanwhile, Official Trump memecoin declined 11% over the past day to trade at $12.84.