Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin for $300M 💼
GD Culture Group (GDC), a Nasdaq-listed entity, aims to gather $300 million via stock sales to establish a cryptocurrency treasury. This move includes purchasing Bitcoin and the TRUMP token, indicating a strategic alignment with decentralization trends.
The proceeds from its common stock sale will fund these crypto acquisitions, reflecting GDC's ambition to integrate crypto assets into its core operations.
This strategy showcases the company's commitment to leveraging its digital technology strengths and embracing blockchain-powered transformations, positioning GDC for a significant industrial shift in the livestreaming and e-commerce sectors.
Despite recent financial challenges, including a Nasdaq noncompliance notice, GDC expresses confidence in this cryptocurrency-driven initiative. Concurrently, the TRUMP token announces a private dinner for its top holders, sparking regulatory discussions regarding politically affiliated memecoins.
The Nevada-based firm joins other public companies exploring crypto as part of their treasury management, demonstrating the growing interest in digital assets among institutional investors.
Meanwhile, the TRUMP token project plans a White House event for its major holders, amid criticisms from lawmakers concerned about the ethics of such gatherings.
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