GD Culture Group, a listed company, announced that it will invest $300 million to establish a reserve of cryptocurrencies such as Bitcoin and TRUMP

PANews reported on May 13 that according to Globenewswire, GD Culture Group Limited (NASDAQ: GDC) and its subsidiary AI Catalysis Corp. announced that it has entered into a common stock purchase agreement with a qualified investor of a British Virgin Islands limited liability company, stipulating that the company sell its common stock worth up to US$300 million. The proceeds from the financing will be used to support the company's crypto asset funding strategy, including the purchase of Bitcoin and the official Trump coin (TRUMP). Under the plan, subject to certain restrictions, GDC plans to use a large portion of the proceeds from any share sale under the financing for acquisitions, long-term holdings, and the integration of crypto assets into its core funding operations.

It is reported that GD Culture Group Limited is a Nevada company whose main businesses include artificial intelligence-driven digital human technology and live e-commerce business.