Nasdaq-listed GD Culture Group to sell up to $300 million in shares to acquire Bitcoin and TRUMP memecoin
Powered by @unfolded- GD Culture Group has entered an agreement to sell up to $300 million in shares to fund its strategy for acquiring Bitcoin and TRUMP memecoin.
- The company aims to enhance its balance sheet by integrating crypto assets into its treasury operations, although specific amounts for each asset have not been disclosed.
- GD Culture reported a net loss of $14.1 million in 2024 and is under scrutiny from Nasdaq for not meeting listing requirements.
- The move aligns with growing interest in corporate crypto holdings, influenced by U.S. President Trump's advocacy for national Bitcoin and crypto reserves.
https://www.theblock.co/post/354030/nasdaq-listed-gd-culture-group-bitcoin