Microcap agency GD Tradition Group Restricted has introduced plans to lift as much as $300 million via a inventory providing to fund the acquisition of Bitcoin and Trump Coin ($TRUMP), regardless of dealing with a possible delisting from the Nasdaq over monetary shortcomings.
The corporate revealed Monday that it had signed a purchase order settlement with an investor primarily based within the British Virgin Islands to assist its crypto treasury initiative.
“This can be a deliberate technique that displays each present business traits and our distinctive strengths,” mentioned Xiaojian Wang, Chairman and CEO of GD Tradition, within the firm’s announcement.
GD Tradition Joins Technique and Metaplanet in Including Bitcoin to Treasury
The agency follows within the footsteps of firms like Technique and Metaplanet, which have added Bitcoin to their treasuries in latest months.
Nonetheless, GD Tradition’s aggressive pivot into crypto comes amid mounting monetary stress.
In April, Nasdaq issued a warning to the corporate for failing to fulfill the minimal $2.5 million stockholders’ fairness requirement. GD Tradition reported fairness of simply $2,643.
The corporate has till Could 4 to submit a compliance plan to Nasdaq, which might grant it as much as 180 days to regain compliance whereas persevering with to commerce beneath the ticker GDC.
With a market capitalization of $28 million and reported web losses of $14 million in 2024, the announcement raised considerations over potential shareholder dilution and the feasibility of executing such a large-scale crypto acquisition.
JUST IN:
Nasdaq listed GD Tradition Group to promote as much as $300 million shares to purchase #Bitcoin and crypto. pic.twitter.com/DW3rnLhy2n
— Bitcoin Journal (@BitcoinMagazine) Could 13, 2025
GD Tradition has undergone a number of reinventions through the years.
Previously generally known as Code Chain New Continent Restricted and TMSR Holding Firm Restricted, the agency now operates via two subsidiaries: AI Catalysis within the U.S. and Shanghai Xianzhui Know-how in China.
Earlier enterprise ventures have included coal processing and iron ore buying and selling.
As of publication, Bitcoin trades close to $102,500, whereas Trump Coin sits at $12.60, down 9% over the previous 24 hours.
GD Tradition’s inventory closed at $2.51 on Monday, after briefly spiking to $8.18 following the announcement, in keeping with Nasdaq knowledge.
Public Firms Ramp Up Bitcoin Publicity
Public firms proceed to extend their publicity to Bitcoin, with Michael Saylor’s agency, Technique, main the cost.
The Virginia-based firm lately introduced it might double its capital-raising efforts to $84 billion so as to purchase extra Bitcoin.
This consists of plans to promote an extra $21 billion in frequent inventory, following the total utilization of a previous program authorised in October.
Along with fairness gross sales, Technique has additionally expanded its debt issuance goal from $21 billion to $42 billion, with $14.6 billion nonetheless obtainable beneath the present authorization.
On Monday, Metaplanet additionally expanded its Bitcoin treasury, buying an extra 1,241 BTC for about 18.4 billion yen ($126 million).
The most recent buy brings the corporate’s complete Bitcoin holdings to six,796 BTC, at present valued at over $706 million.
This development displays a broader institutional curiosity in Bitcoin.
In the course of the first quarter of the yr, publicly listed corporations collectively grew their Bitcoin holdings by 16.1%, indicating continued confidence within the asset regardless of persistent market volatility.
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