Nasdaq firm plans $300M crypto bet on Bitcoin and Trump memecoin

By: ambcrypto|2025/05/14 13:30:06

GDC plans to raise $300 million to build a crypto treasury with Bitcoin and TRUMP tokens. Solana pushes for on-chain equity, rivaling traditional exchanges like Nasdaq and NYSE. GD Culture Group (GDC) has announced plans to raise up to $300 million for a cryptocurrency treasury reserve. The Nasdaq-listed firm operates in livestreaming, e-commerce, and AI-driven digital human technology. It revealed the funding initiative through a stock purchase agreement with a British Virgin Islands-based entity. According to its statement on the 12th of May, proceeds will be used to acquire leading digital assets. These assets include Bitcoin [BTC] and the Official Trump [TRUMP] token. This move signals GDC’s strategic expansion into the crypto space amid growing market interest. Providing further insights on the same, the company said in the announcement, “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.” By integrating scalable, high-performing digital assets into its balance sheet, the company aims to position itself at the forefront of the evolving decentralized finance (DeFi) landscape. GDC’s CEO weighs in Unveiling his vision, Mr. Xiaojian Wang, Chairman and CEO of the company, commented, “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.” He added, “We believe our forward-looking strategy will further strengthen our financial foundation and drive long-term value creation for our shareholders as decentralized finance continues to evolve.” That being said, GDC’s crypto treasury plans emerge at a time of heightened activity in the digital asset space, particularly surrounding the TRUMP token. Additionally, t he TRUMP token project is organizing an exclusive White House dinner on May 22 for its top 25 holders. However, the team has halted further purchases tied to the event and now requires attendees to undergo background checks. Despite this, excitement surrounding the gathering highlights the deepening political and cultural connections within the crypto space. Share Share Tweet

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...

Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

"You can continue to hold Apple stock. Just don't expect that what you hold is stock in a growth company."

Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions

The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...

Dan Bin takes action, building a position in Circle

If Web3 only stays at the level of price and narrative, traditional capital will find it difficult to truly enter; but once a group of companies that can be clearly explained and included in balance sheets begins to emerge, the way the industry participates will change.

The Impossible Triangle of DeFi Lending

Borrowers want fixed interest rates, while lenders seek immediate liquidity; this is the dilemma of on-chain lending, where both cannot be achieved simultaneously.