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On May 13, GD Culture Group Limited (NASDAQ: GDC) and its subsidiary AI Catalysis Corp. announced the signing of a common stock purchase agreement with an accredited investor from a limited liability company in the British Virgin Islands. Under the agreement, the company will sell common stock worth up to 300 million USD. The proceeds from the fundraising will support the company's financing strategy for its cryptocurrency assets, including the purchase of Bitcoin and the official TRUMP coin.
Under this plan, GDC intends to use a significant portion of the proceeds from the stock sale for buybacks, long-term holdings, and integrating cryptocurrency assets into its core financing operations. Certain restrictions will be applied during this process to optimize the fund.
GD Culture Group Limited is a Nevada-based company specializing in providing digital artificial intelligence technology and developing direct e-commerce business. The expansion into the cryptocurrency space demonstrates the company's strategic vision and commitment to leveraging advanced technology. This plan not only provides strong financial resources but also aims to harness the potential of cryptocurrency investments.
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Source: https://tintucbitcoin.com/gd-culture-group-dau-tu-300-trieu-usd-vao-tien-dien-tu/
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