GD Culture raising $300 million to build bitcoin and $TRUMP reserve
GD Culture Group announced yesterday it has entered a stock purchase agreement with a British Virgin Islands company, “providing for the sale by the Company of up to $300 million of its common stock.” It said it will use the proceeds to build its crypto treasury of bitcoin and $TRUMP. Shareholders don’t seem to like the idea and the stock is down over 8% today.
GD Culture operates via “its primary business conduit, AI Catalysis Corp, focusing on digital marketing and AI technology.” The firm was warned in April about a potential Nasdaq delisting, which said (emphasis ours):
“Nasdaq Listing Rule 5550(b)(1) requires companies on the Nasdaq Capital Market to maintain a minimum of $2.5 million in stockholders’ equity for continued listing, however, based on the Company’s Form 10-K for the fiscal year ended December 31, 2024, dated March 18, 2025, the Company reported stockholders’ equity of $2,643.”
While many companies are rushing to emulate Strategy’s bitcoin accumulation mission, that’s not the case for $TRUMP reserves. Bitcoin has been crushing it lately, crossing $100,000 last week. Meanwhile, $TRUMP is down more than 7% in the past 24 hours as the competition to be among the top 220 holders has ended.
The company says this would make it “one of the first public companies to make $TRUMP a cornerstone of its digital asset strategy.”
That said, last month, logistics management innovation company Freight Technologies announced it had entered an agreement to issue convertible notes of up to $20 million “exclusively earmarked for purchasing $TRUMP.”
GD Culture operates via “its primary business conduit, AI Catalysis Corp, focusing on digital marketing and AI technology.” The firm was warned in April about a potential Nasdaq delisting, which said (emphasis ours):
“Nasdaq Listing Rule 5550(b)(1) requires companies on the Nasdaq Capital Market to maintain a minimum of $2.5 million in stockholders’ equity for continued listing, however, based on the Company’s Form 10-K for the fiscal year ended December 31, 2024, dated March 18, 2025, the Company reported stockholders’ equity of $2,643.”
While many companies are rushing to emulate Strategy’s bitcoin accumulation mission, that’s not the case for $TRUMP reserves. Bitcoin has been crushing it lately, crossing $100,000 last week. Meanwhile, $TRUMP is down more than 7% in the past 24 hours as the competition to be among the top 220 holders has ended.
The company says this would make it “one of the first public companies to make $TRUMP a cornerstone of its digital asset strategy.”
That said, last month, logistics management innovation company Freight Technologies announced it had entered an agreement to issue convertible notes of up to $20 million “exclusively earmarked for purchasing $TRUMP.”
