GD Culture Group, a publicly listed company in the US, has secured a $300 million financing commitment and plans to purchase Bitcoin and TRUMP as long-term reserve assets

ChainCatcher news, according to Globe Newswire, Nasdaq-listed GD Culture Group Limited announced the signing of a common stock purchase agreement with a limited liability company in the British Virgin Islands, which has committed to providing up to $300 million in financing.

The company plans to use the proceeds from the financing for its cryptocurrency asset reserve strategy, primarily purchasing Bitcoin (BTC) and OFFICIAL TRUMP (TRUMP) tokens as long-term reserve assets. GD Culture Group stated that this move aims to enhance its balance sheet strength through high-performance, scalable digital assets while strengthening its connection with the decentralized finance (DeFi) ecosystem.