Publicly listed company GD Culture Group announces investment of $300 million to build cryptocurrency reserves such as Bitcoin and TRUMP

PANews May 13th news, GD Culture Group Limited (NASDAQ: GDC) and its subsidiary AI Catalysis Corp. announced that it has entered into a common stock purchase agreement with qualified investors of a British Virgin Islands Limited, stipulating the company to sell its common stock worth up to $300 million. The proceeds from the financing will be used to support the company's crypto-asset funding strategy, including the purchase of Bitcoin and the official Trump Coin (TRUMP). Under the plan, under certain restrictions, GDC plans to use a large portion of the proceeds from the sale of any shares under the financing to acquire, long-term holdings, and the integration of crypto assets into its core funding operations.

It is reported that GD Culture Group Limited is a Nevada company with its main businesses including artificial intelligence-driven digital human technology and live e-commerce businesses.