GD Culture Group announces $300M funding commitment to build crypto reserve

GD Culture Group (GDC) has entered into a Common Stock Purchase Agreement with an accredited investor, a British Virgin Island limited liability company, providing for the sale by the Company of up to $300 million of its common stock. Proceeds from the facility will be used to support the Company’s crypto asset treasury strategy, including the purchase of Bitcoin and OFFICIAL TRUMP. Under this initiative, and subject to certain limitations, GDC intends to allocate a significant portion of the proceeds from any share sales under the facility to the acquisition, long-term holding, and integration of crypto assets into its core treasury operations. This strategic move reflects the Company’s commitment to and confidence in the ongoing decentralization transformation. Through the adoption of this crypto asset treasury strategy, GDC aims to enhance its balance sheet with high-performance, scalable digital assets while aligning itself with the expanding decentralized finance ecosystem.