According to The Block on the 13th (local time), GD Culture Group announced that it will secure Bitcoin (BTC) and Trump Meme Coin (TRUMP) as assets.
GD Culture Group announced that it will sell up to $300 million worth of shares to acquire the company. GD Culture Group has signed a share purchase agreement with an investor based in the British Virgin Islands, and most of the proceeds will be used in bitcoin.
The company plans to use the cryptocurrency to purchase and hold cryptocurrencies for the long term. The company said, "This cryptocurrency strategy is designed to integrate cryptocurrencies into our core financial operations."
Xiaojian Wang, chairman and CEO of GD Culture Group, said, "The adoption of crypto assets is in line with the current industry trend and is a testament to the strength of our digital technology and live streaming.
"This is a strategic decision that reflects our strength within the commerce ecosystem." The company did not disclose how much Bitcoin and Trump meme coins it would purchase.
However, the company revealed plans to strengthen its balance sheet through cryptocurrency holdings. Meanwhile, GD Culture Group is a digital human technology and e-commerce company registered in Nevada.
The company, its Chinese subsidiary Shanghai Xianzhui Technology Co. Ltd. and AI
The company operates through Catalysis, which is a platform that is particularly
The company is expanding its business with a focus on real-time streaming-based e-commerce activities.
2025/05/13 17:53 KST
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