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Listed company GD Culture Group announced that it will invest US$300 million to build reserves of cryptocurrencies such as Bitcoin and TRUMP

Online reports, Globenewswire reported that GD Culture Group Limited (NASDAQ: GDC) and its subsidiary AI Catalyst Corp. announced that it has entered into a common stock purchase agreement with a qualified investor in a limited liability company in The British Virgin Islands, requiring the company to sell its common stock worth up to US$300 million. Proceeds from the financing will be used to support the company's crypto-asset funding strategy, including the purchase of Bitcoin and official Trump coins (TRUMP). Under the plan, subject to certain restrictions, GDC plans to use a large portion of the proceeds from any share sale under the financing for acquisitions, long-term holding, and the integration of crypto assets into its core capital operations. It is reported that GD Culture Group Limited is a Nevada company whose main businesses include artificial intelligence-driven digital human technology and Live streaming eCommerce business.

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