- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Nasdaq Firm with Chinese Ties Backs TRUMP Memecoin in $300M Deal
By: bitcoin ethereum news|2025/05/15 14:00:14
0
Share
GD Culture Group plans to invest up to $300M in TRUMP and Bitcoin. TRUMP token surged 6% after the announcement, reversing prior losses. Nasdaq-listed GD Culture Group has committed up to $300 million to buy Bitcoin and the Trump-themed TRUMP memecoin. The announcement came in a May 11 SEC filing. The company plans to use funds raised from a stock deal with an unnamed investor in the British Virgin Islands. GDC has no revenue and just eight employees. It claims to run an e-commerce platform via TikTok, which faces a potential U.S. ban. The timing of this massive crypto bet raises regulatory concerns. Notably, President Trump is weighing whether to ban TikTok while also backing a TRUMP token dinner. GDC Eyes Massive TRUMP Stake The company is using a committed-equity facility to raise funds. It can issue new shares and send purchase notices to the investor, capped at 4.99% ownership, with an option to increase to 9.99%. Initially, GDC cannot exceed a 19.99% issuance limit without shareholder approval. To reach the full $300 million at the floor price of $0.44, GDC would need to issue roughly 682 million new shares. That’s far beyond the current 16.8 million float. Unless shareholders approve more issuance or the stock price surges, GDC cannot access the full amount immediately. Still, if executed, GDC’s assets could grow from $14 million to over $300 million. This would make it one of the largest holders of TRUMP, which has generated $320 million in fees tied to Trump-linked entities. TRUMP’s price rose 6.11% after the announcement, reversing earlier losses. It climbed from a recent low of $12.22 to $13.55 and could gain further ahead of the May 22 crypto dinner with Trump. The dinner invites the top 220 TRUMP holders, including a private meeting for the top 25. Despite the boost, TRUMP faces technical risks. RSI shows bearish divergence, and the MACD indicates possible consolidation. Support lies near the 50-day EMA at $12.20 and the $10 demand zone. Still, volatility could lift prices above $20 before dinner. Highlighted Crypto News Today Coinbase Fuels QCAD to Reinvent Canadian Payments Source: https://thenewscrypto.com/nasdaq-firm-with-chinese-ties-backs-trump-memecoin-in-300m-deal/
You may also like
Business Opportunities of Tokenized Stocks
In this article, we will outline the lifecycle of tokenized stocks, analyze the current market landscape, and highlight the emerging business opportunities.
In-depth research report on the Resolv protocol hacking incident, who is the final payer?
This incident reveals a fundamental weakness in Delta's stablecoin - the coupling point between the minting logic and off-chain signatures/oracles is the most vulnerable attack surface of the system. Any capital efficiency design of "1 dollar minted for 1 dollar" must be predicated on extremely rigo...
Crypto Market Sees Large Liquidations: $272 Million in Long Positions Affected
Key Takeaways In the last 24 hours, $272 million worth of contracts were liquidated across the entire crypto…
Whale Increases BTC Shorts and Bets on Crude Oil: A Strategic Crypto Move
Key Takeaways A prominent whale, known as “UnRektCapital,” has strategically escalated its short position in Bitcoin while simultaneously…
Hackers in Brazil Use Fake Google Play Store to Steal Cryptocurrency
Key Takeaways Hackers in Brazil are exploiting fake Google Play Store pages to spread Android malware. Infected devices…
Exchanging 200,000 for nearly 100 million, DeFi stablecoins face another attack
DeFi project teams cannot assume that the modules they control are necessarily secure.
The underlying business agreement of the trillion-dollar Agent economy: Understanding ERC-8183, it's not just about payments, but the future
This article systematically analyzes the technical principles and commercial value of the ERC-8183 protocol from the dimensions of technical architecture, core mechanisms, application scenarios, and ecological collaboration.
When Wall Street's ETH begins to "yield": Looking at the asset properties of Ethereum from BlackRock's ETHB
ETH is undergoing a paradigm shift from a "volatile asset" to a "yield-generating cash flow asset."
The Power of Agency: The Agentic Wallet and the Next Decade of Wallets
In 1984, Apple killed the command line with a mouse. In 2026, Agent is killing the mouse.
Understanding x402 and MPP in One Article: Two Routes for Agent Payments
x402 makes payments within the agreement, while MPP makes system-level payments.
Particle Founder: The entrepreneurial insights I have gained the most from in the past year
Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.
Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence
The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.
OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)
The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.
The migration of settlement rights: B18 and the institutional starting point of on-chain banks
In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.
From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment
The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.
The second half of stablecoins no longer belongs to the crypto circle
What Coinbase doesn't want, Mastercard is eager to buy.
Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.
The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Provide an Investor Relations Best Practices Guide for Crypto Projects.
Business Opportunities of Tokenized Stocks
In this article, we will outline the lifecycle of tokenized stocks, analyze the current market landscape, and highlight the emerging business opportunities.
In-depth research report on the Resolv protocol hacking incident, who is the final payer?
This incident reveals a fundamental weakness in Delta's stablecoin - the coupling point between the minting logic and off-chain signatures/oracles is the most vulnerable attack surface of the system. Any capital efficiency design of "1 dollar minted for 1 dollar" must be predicated on extremely rigo...
Crypto Market Sees Large Liquidations: $272 Million in Long Positions Affected
Key Takeaways In the last 24 hours, $272 million worth of contracts were liquidated across the entire crypto…
Whale Increases BTC Shorts and Bets on Crude Oil: A Strategic Crypto Move
Key Takeaways A prominent whale, known as “UnRektCapital,” has strategically escalated its short position in Bitcoin while simultaneously…
Hackers in Brazil Use Fake Google Play Store to Steal Cryptocurrency
Key Takeaways Hackers in Brazil are exploiting fake Google Play Store pages to spread Android malware. Infected devices…
Exchanging 200,000 for nearly 100 million, DeFi stablecoins face another attack
DeFi project teams cannot assume that the modules they control are necessarily secure.
App