GDC to invest $300M in Bitcoin and TRUMP token via BVI stock deal.
TRUMP token rebounds 6.11%, now trading at $13.55 after recent dip.
Trump crypto dinner on May 22 fuels memecoin market momentum.
A major investment announcement from GD Culture Group (GDC), a Nasdaq-listed firm with Chinese ties, has pushed the TRUMP token sharply upward. The company revealed plans to invest up to $300 million in Bitcoin and the TRUMP memecoin, sparking a fresh wave of momentum for the asset.
This comes just days ahead of Donald Trump’s scheduled crypto dinner, which has added further fuel to the token's short-term market appeal.
According to a filing dated May 13, the funds will be secured through a stock purchase agreement involving a British Virgin Islands-based investor. The agreement outlines the company’s intent to channel the proceeds into official TRUMP tokens and Bitcoin, alongside general corporate needs. GDC's strategic entry into the crypto space is being closely watched by investors, particularly as altcoin enthusiasm continues to grow.
Price Recovers After Recent Correction
The TRUMP token had seen a sharp dip the previous day, briefly falling to $12.22 before rebounding. In the last 24 hours, the token recorded a 6.11% gain, trading at $13.55. Over the past week, its price has largely moved within the $13 to $14 range, peaking at $15.07. The latest announcement has been a driving factor behind the price recovery, countering selling pressure that followed the cutoff for Trump’s exclusive crypto event.
GDC’s declaration has notably reversed the downward trend, with investors responding quickly to the commitment of capital. Market data shows that TRUMP has risen 23.28% over the past week and posted a monthly increase of 61.8%. These figures reflect continued interest in politically themed digital assets, especially when paired with high-profile events or endorsements.
Investor Sentiment Builds Ahead of Trump Crypto Dinner
The surge in TRUMP token interest comes ahead of the much-anticipated dinner event hosted by Donald Trump on May 22. The private gathering will include the top 220 TRUMP token holders. With less than ten days remaining, the market has shown increased speculative activity. The latest GDC investment has only added to the attention surrounding the event.
Analysts note that memecoins tied to major public figures often experience price swings tied to real-world developments. The recent alignment of a large corporate investment with a high-profile event has significantly lifted short-term sentiment. The $300 million figure represents a strong vote of confidence from GDC and may lead other institutional players to watch the token’s performance more closely.
GDC Aims to Establish Crypto Reserves
GDC’s move marks its broader strategy to establish a long-term reserve of cryptocurrencies. The company disclosed in its filing that it believes Bitcoin and the official TRUMP token should be components of its diversified digital asset portfolio. The investment announcement gained additional significance through its timing which matched the increased political scrutiny on cryptocurrency assets.
The recent event indicates that institutional interest in memecoins has changed to focus more on those linked with political stories. The integration of TRUMP tokens into GDC’s investment plans may also suggest increasing comfort among regulated firms exploring niche digital assets with high public visibility.
