Microcap Firm Plans $300M Bitcoin, Trump Coin Buy Despite Nasdaq Compliance Warning

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, 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 But GD Culture’s Group’s decision to go all in on crypto comes just weeks after Nasdaq According to regulatory filings 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.DecryptWith 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 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, Edited by