Overview

• GD Culture Group confirmed plans to raise up to $300 million via a stock sale to acquire Bitcoin and Trump Coin, according to a May 13 SEC filing.
• The company, which reported only $2,643 in equity and zero revenue in 2024, faces a Nasdaq delisting threat for failing to meet minimum financial requirements.
• The stock sale involves an undisclosed investor in the British Virgin Islands, a jurisdiction known for financial confidentiality.
• Critics, including former Rep. Charles Dent, have raised concerns about potential conflicts of interest and foreign influence, as the Trump Coin purchase could financially benefit President Trump’s family.
• The announcement has caused significant stock volatility, with GD Culture’s share price surging before dropping sharply, reflecting investor uncertainty about the plan.