GD Culture Group Raises $300 Million for Crypto Reserve

Nasdaq-listed GD Culture Group has secured a substantial $300 million funding commitment to establish a dedicated cryptocurrency reserve. This initiative will leverage Bitcoin and the TRUMP token as core assets within this reserve. The decision signifies GD Culture Group’s confidence in the future of digital currencies and their potential for financial impact. The group, boasting a market capitalization of $34 million, has acquired these funds through a stock purchase agreement. CEO Xiaojian Wang believes this strategic move aligns with current market trends and leverages GD Culture Group’s expertise in AI and livestreaming e-commerce technologies. This marks a significant step towards establishing the company’s presence in the blockchain sector, aiming to shape its practices within this burgeoning industry.