Listed company GD Culture Group announces investment of $300 million to establish reserves of cryptocurrencies such as Bitcoin and TRUMP

According to Globenewswire, GD Culture Group Limited (NASDAQ: GDC) and its subsidiary AI Catalysis Corp. announced that it has signed a common stock purchase agreement with a qualified investor of a British Virgin Islands limited liability company, stipulating that the company will sell up to $300 million worth of its common stock. The proceeds from this financing will be used to support the company's cryptocurrency funding strategy, including the purchase of Bitcoin and official Trump currency (TRUMP). According to the plan, under certain restrictions, GDC plans to use a significant portion of the proceeds from the sale of any shares under this financing for acquisition, long-term holding, and integration of cryptocurrency assets into its core fund operations. It is reported that GD Culture Group Limited is a Nevada company whose main businesses include AI driven digital human technology and live streaming e-commerce.