GD Culture Group (GDC), a NASDAQ-listed technology holding company with ties to China, announced it had secured funding for a $300 million purchase of cryptocurrency, specifically Bitcoin and $TRUMP, the US President’s personal meme coin.

GDC, based in the American state of Nevada, operates an e-commerce business on social media platform TikTok, for which reported records show no revenue in 2024. The “financials & filings” page of its website contains no figures and relies on one simple message: “Will update over the next few weeks.”
Stock sale to BVI
In a statement, GDC said the $300 million comes from a stock sale to an unnamed company in the British Virgin Islands. In the official securities filing, GDC states that it intends to integrate holding “crypto assets into its core treasury operations.”
Chairman and Chief Executive Officer Xiaojian Wang was cited in the statement, saying the company is embracing blockchain-driven industrial transformation as it pursues growth.
“GDC’s adoption of crypto assets as treasury reserve holdings is a deliberate strategy that reflects both current industry trends and our unique strengths in digital technologies and the livestreaming e-commerce ecosystem.”
GDC is not the first to consider integrating crypto as a financial holding option. Strategy, an analytics and mobility software company formerly known as MicroStrategy, has been prominently purchasing Bitcoin for its treasury.
Unusual choice
The $TRUMP coin’s lack of stability makes it an unusual choice as a sizeable, long-term, purchase for a company treasury. GDC stock moved significantly following the announcement, surging 12 percent before paring those gains the next day.
GDC is reported to have eight employees, and announced last month it was at risk of losing its NASDAQ listing after failing to meet certain requirements.
While GDC's Since the US president announced $TRUMP, some investors from both the US and other countries have purchased large quantities of the coin in an attempt to gain private access to Trump. This includes buying $TRUMP to obtain a seat at a dinner with the president to be held later this month.