Key Points
- GD Culture Group (GDC) plans to raise $300 million for a cryptocurrency treasury reserve.
- The assets will include Bitcoin and the Official Trump token, signaling GDC’s expansion into the crypto space.
GD Culture Group (GDC), a Nasdaq-listed firm, recently shared its plan to raise up to $300 million.
This fund will be utilized to build a cryptocurrency treasury reserve.
Details of the Plan
The company operates in various sectors such as livestreaming, e-commerce, and AI-driven digital human technology.
It revealed its funding initiative through an agreement with a British Virgin Islands-based entity.
The funds raised will be used to acquire prominent digital assets like Bitcoin and the Official Trump token.
This strategic move shows GDC’s expansion into the crypto space, considering the growing market interest.
The company plans to integrate these scalable, high-performing digital assets into its balance sheet.
This will place the company at the forefront of the evolving decentralized finance (DeFi) landscape.
GDC’s CEO on the Move
Mr. Xiaojian Wang, Chairman and CEO of the company, shared his vision about the initiative.
He stated that GDC’s adoption of crypto assets as treasury reserve holdings is a strategic move.
It reflects the current industry trends and GDC’s unique strengths in digital technologies and the livestreaming e-commerce ecosystem.
He believes this strategy will strengthen their financial foundation and drive long-term value creation for their shareholders.
Meanwhile, the TRUMP token project is planning an exclusive White House dinner for its top 25 holders.
However, further purchases tied to the event have been halted and attendees are now required to undergo background checks.
This event highlights the deepening political and cultural connections within the crypto space.
