Microcap Firm Plans $300M Bitcoin, Trump Coin Buy Despite Nasdaq Compliance Warning
By: decrypt|2025/05/13 15:30:06
0
Share
Microcap Firm Plans $300M Bitcoin, Trump Coin Buy Despite Nasdaq Compliance Warning Shares of GD Culture fell sharply after the company unveiled a $300 million crypto reserve plan that followed a Nasdaq delisting warning. In brief GD Culture Group plans to raise up to $300 million for crypto purchases, including Bitcoin and Trump Coin. The company recently received a Nasdaq delisting warning after reporting just $2,643 in stockholders’ equity. Shares surged Monday before falling sharply to close at $2.51. Decrypt’s Art, Fashion, and Entertainment Hub. Microcap firm GD Culture Group Limited plans to sell up to $300 million in stock to finance purchases of Bitcoin and Trump Coin, even as it stares down a Nasdaq delisting threat over financial shortfalls. The company, which operates AI-driven digital human technology and livestreaming businesses, announced Monday it signed a purchase agreement with a British Virgin Islands investor to fund its new crypto treasury strategy. The move is "a deliberate strategy that reflects both current industry trends and our unique strengths," Chairman and CEO Xiaojian Wang said in the statement, characterizing his company's decision. GD Culture joins a growing trend of public companies, such as Strategy and Metaplanet , who have continued to incorporate crypto into their treasury operations, stocking up on Bitcoin for the most part. But GD Culture's Group's decision to go all in on crypto comes just weeks after Nasdaq warned the company it no longer meets minimum stockholders' equity requirements. According to regulatory filings cited by Nasdaq and also shared on the company's website, GD Culture reported equity of just $2,643 against the $2.5 million threshold required by Nasdaq for continued listing. The company was given until May 4 to submit a compliance plan to Nasdaq, which grants it up to 180 calendar days to fix up, while continuing to trade under its GDC ticker. Decrypt reached out to Nasdaq and GD Culture Group for comment but did not immediately receive responses by press time. With a market cap of $28 million and net losses of $14 million in 2024, GD Culture's crypto ambitions raise concerns about execution and shareholder dilution. GD Culture has repeatedly reinvented itself, previously operating as Code Chain New Continent Limited until its name change in January 2023, and before that as TMSR Holding Company Limited. Following those rebrands, it now operates through its wholly owned U.S. subsidiary, AI Catalysis, and Shanghai Xianzhui Technology Co., Ltd, a China-based subsidiary. Its past business activities ranged from coal processing to iron ore trading before its current focus on digital content and AI technology. Bitcoin traded at approximately $102,500 at the time of writing, while Trump Coin was priced at $12.6, down 9% over the past 24 hours. GD Culture’s stock (NASDAQ: GDC) closed at $2.51, after rising as high as $8.18 on Monday's open following the announcement, data on Nasdaq shows.' Edited by Sebastian Sinclair Daily Debrief Newsletter
You may also like
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.
What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?
ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.
Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.
Former SpaceX engineer reconstructs the financial execution system using first principles
Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.
Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
