GD Culture Group Enters $300 Mln Stock Purchase Agreement To Support Crypto Treasury, Stock Up

(RTTNews) - Monday, GD Culture Group (GDC) and its subsidiary AI Catalysis have signed a Common Stock Purchase Agreement with an accredited investor for the sale of up to $300 million in common stock.

The company plans to use the proceeds to support its new crypto asset treasury strategy, focusing on acquiring and holding digital assets such as Bitcoin and OFFICIAL TRUMP.

This initiative aims to integrate crypto assets into GDC's core financial operations, enhancing its balance sheet with scalable digital holdings and aligning the company with the growing decentralized finance ecosystem.

GDC is currently trading at $2.58, up $0.38 or 17.56 percent on the Nasdaq.