GDC Commits $300M to Bitcoin and TRUMP Token Ahead of Trump’s Crypto Dinner

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com GDC plans to invest 300 million dollars in Bitcoin and TRUMP token before Trump’s private crypto dinner.TRUMP token price increased over 3% after GDC announced its new crypto investment strategy.GDC aims to boost its treasury by holding crypto assets and improve its financial position with this move.GD Culture Group (GDC), a Nasdaq-listed company with Chinese business links, has announced a $300 million investment plan. The funds will target Bitcoin and the TRUMP token, a memecoin associated with former President Donald Trump. This development comes just days before Trump’s private crypto dinner event.The company disclosed that it will raise the funds through a stock purchase agreement. The agreement involves a British Virgin Islands-based investor, who pledged to invest up to $300 million. GDC plans to use the funds to acquire Bitcoin and the Official TRUMP token. It also aims to boost its overall corporate strength through this strategy.TRUMP token rebounds following announcementFollowing the news, the TRUMP token price jumped by over 3%. This comes after the token dropped nearly 6% a day earlier. On Monday, it hit a low of $12.22. By Tuesday, the token surged to $13.55, marking a quick rebound. Over the past week, it has gained more than 23%. Over the last month, it has risen by nearly 62%.TRUMP token’s recent rally coincides with growing interest around Trump’s exclusive crypto dinner. The event is scheduled for May 22. It will host the top 220 TRUMP token holders in a private gathering. The upcoming event and the GDC investment have driven increased attention toward the token.Company plans crypto-backed treasuryGDC said it will make crypto assets a key part of its treasury reserves. The firm plans to allocate a large portion of its raised capital to long-term crypto holdings. This includes the TRUMP token and Bitcoin. However, the company has not disclosed exact amounts for each asset.The move aims to strengthen GDC’s financial position. The firm also wants to integrate blockchain and crypto into its existing business model. GDC operates AI-driven digital human technology and livestream e-commerce platforms. These businesses function primarily on platforms like TikTok.Regulatory and financial backdropGDC recently received a warning from Nasdaq. The exchange noted that the company fell below the required $2.5 million in stockholders’ equity. The firm has 45 days to present a recovery plan. In 2024, GDC reported a net loss of $14.1 million, slightly better than its $14.3 million loss in 2023.The company’s decision to invest in crypto reflects broader industry trends. It also aligns with its focus on digital technology and e-commerce innovation.Source link