Ladar Nasdaq listed companies are raising hundreds of millions of dollars to acquire encryption assets, including the official Trump (Trump), the president’s meme token.
According to a new report from the Wall Street Journal, GD Culture Group, an artificial intelligence (AI) software company in New York, with a market value of about $ 26 million, raised $ 300 million to buy digital assets such as Bitcoin (BTC) and Trump.
According to the report, the main investor of the company is based on British Virgin Ireland, but certain organizations or people have not specified the name.
The contract seems to be composed of stock credit lines, which will buy stocks worth $ 300 million at a discounted price at a price of $ 300 million over time, and then sell stocks in the open market.
The news of the fundraising raised the share price of GD Culture Group (GDC) and promoted from $ 2.14 on May 13 to $ 2.31 at $ 2.31 on 14th. GDC has been repaid later and is trading at $ 2.18 at the time of writing, and has increased by 1.94% over the last 24 hours.
According to the report, we joined other companies such as strategies to create Digital Human Avatars to sell products in social media app Tiktok using the AI -based algorithm.
BTC trades $ 103,402 at the point of writing, and some decreases on that day have increased by 2.4% over the last 24 hours.
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Created image: dalle3