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GDC Boosts Crypto Investments to Enhance E-commerce Ecosystem

By: cointurk|2025/05/13 16:00:17
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GD Culture Group (GDC), listed on Nasdaq, is preparing to sell shares worth up to $300 million to acquire Bitcoin $ 102,690 and Official Trump coin. The company plans to use a significant portion of the proceeds from a share sale agreement with a BVI-based investor for cryptocurrency investments. This initiative aims to retain Bitcoin and the Trump memecoin as long-term balance sheet reserves while strengthening GDC’s position in digital technologies and live-stream e-commerce. GDC’s Cryptocurrency Treasury Strategy GDC has announced that a “substantial portion” of the funds obtained from the share sale will be allocated to purchasing Bitcoin and TRUMP coin. The exact amount of cryptocurrency to be purchased remains undecided, but management intends to bolster the company’s balance sheet through these acquisitions. CEO Xiaojian Wang relates this strategic move to industry trends and GDC’s expertise in digital human technologies. Accordingly, the company’s experience in AI-backed digital human projects and live-stream e-commerce will be mirrored in their cryptocurrency reserves. Primarily registered in Nevada, GDC operates through AI Catalysis and Shanghai Xianzhui Technology. By selling products via live streaming on social platforms like TikTok, GDC has carved a niche in the e-commerce sector. The cryptocurrency initiative is perceived as an integrated step within this digital ecosystem. Company’s Financial Status In 2024, GDC reported a net loss of $14.1 million, close to the previous year’s $14.3 million loss. Nasdaq issued a non-compliance notice due to GDC’s failure to meet the minimum shareholder equity requirement of $2.5 million. The company has 45 days to submit a compliance plan. GDC’s cryptocurrency strategy follows President Donald Trump’s call for national Bitcoin and crypto reserves. Similar initiatives have been undertaken by companies like Freight Technologies, which also financed Trump memecoin purchases. Bitcoin’s value has decreased by 1.7% in the past 24 hours, trading at $102,267, while the Trump memecoin has declined by 10%, reaching $12.48.

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