Full ReleaseBlackvegetable » Yesterday, 5:29 am » wrote: ↑ https://www.nytimes.com/2025/05/13/us/p ... chase.html
GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its public filings show, and recorded zero revenue last year from an e-commerce business it operates on TikTok, the Chinese-owned video-sharing app.
But on Monday, GD Culture Group became the latest business with foreign ties to seize on Mr. Trump’s crypto venture, which channels profits directly to the Trump family and has generated conflicts of interest that have alarmed ethics experts. (Memecoins like $TRUMP are a type of cryptocurrency based on an online joke or celebrity mascot and have traditionally not had any utility beyond speculation.)
In its statement, GD Culture Group, which is traded on the Nasdaq, said it would spend $300 million on a stockpile of Bitcoin and $TRUMP, using proceeds from a stock sale to an unnamed entity in the British Virgin Islands, a popular tax haven. It confirmed that investment plan in a securities filing late Tuesday.
TAKE IT AWAY, HOLE!
NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) --
GD Culture Group Limited (“GDC” or the “Company”) (Nasdaq: GDC), and its subsidiary, AI Catalysis Corp. (“AI Catalysis”), today announced that it has entered into a Common Stock Purchase Agreement (the “Agreement”) with an accredited investor (an “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 (“BTC”) and OFFICIAL TRUMP (“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.
GD Culture Group Limited (the “Company”) (Nasdaq: GDC), is a Nevada company currently conducting business mainly through its subsidiaries, AI Catalysis Corp. (“AI Catalysis”) and Shanghai Xianzhui Technology Co, Ltd. The company plans to enter into the livestreaming market with focus on e-commerce through its wholly owned U.S. subsidiary, AI Catalysis, a Nevada corporation incorporated in May 2023. The Company’s main businesses include AI-driven digital human technology, live-streaming e-commerce business. For more information, please visit the Company's website at
https://www.gdculturegroup.com/
Is there a point to your **** post?