GDC Commits $300M to Bitcoin and Trump Token

Nasdaq-listed GD Culture Group (GDC) has made a bold pivot into the crypto world, announcing a commitment of up to $300 million toward acquiring Bitcoin (BTC) and the politically themed OFFICIAL TRUMP (TRUMP) token. The move, revealed through a stock purchase agreement with a British Virgin Islands-based investor, is aimed at creating a long-term crypto reserve as part of the company’s evolving treasury strategy.

The decision marks one of the most ambitious crypto investments by a public company in recent months, placing GDC alongside a growing list of firms incorporating digital assets into their financial frameworks. According to the company, this initiative aligns with its broader shift toward decentralized finance and blockchain integration, especially through its subsidiary AI Catalysis, which focuses on livestreaming e-commerce.

Despite this aggressive crypto push, GDC faces mounting financial challenges. The firm reported a net loss of $14.1 million for 2024, only a modest improvement from the previous year’s $14.3 million loss. Adding to the pressure, Nasdaq has flagged GDC for noncompliance, citing its failure to maintain the required $2.5 million in stockholders’ equity. GDC now has 45 days to submit a compliance plan or risk being delisted.

Chairman and CEO Xiaojian Wang defended the move as a calculated strategic shift. “We’re confident this will drive long-term value for our shareholders,” Wang said, noting the company’s belief that blockchain and crypto will play a central role in the future of finance. He framed the investment as part of a deliberate transformation meant to strengthen the company's balance sheet.

However, the announcement has sparked criticism. Crypto analyst Eva Lenoir challenged the decision, especially the inclusion of the TRUMP token alongside Bitcoin. “Bitcoin isn’t meant to be a toy for the elites,” she said, likening the investment strategy to “a warship sailing with paper sails.” Critics argue that combining politically branded tokens with mainstream assets raises questions about risk management and credibility.

Still, GDC’s $300 million play underscores growing corporate interest in digital assets, even amid controversy. As the company navigates both financial headwinds and market skepticism, its crypto experiment could serve as a litmus test for whether blockchain adoption can help struggling public firms turn the corner — or simply amplify the risks.