US EditionTech Company With Chinese Ties Wants to Buy $300 Million in $TRUMP Coin
- GD Culture Group, a small New York-based tech company with Chinese ties, announced plans on May 12, 2025 to buy $300 million worth of Official Trump memecoin and Bitcoin.
- The company faces financial struggles and zero revenue last year, and the announcement follows a similar move by Freight Technologies Inc. To acquire Trump's memecoin for influence.
- GD Culture Group operates an e-commerce business mainly on TikTok and has only eight employees, raising money from an undisclosed British Virgin Islands investor through a stock sale to fund the crypto purchases.
- The stock price of GD Culture Group jumped 12% immediately after the announcement while the memecoin TRUMP traded near $13.16, amid concerns about ethical conflicts and political influence raised by experts.
- This purchase could create ethical and legal issues as it potentially enriches the president’s family during ongoing negotiations over TikTok’s US operations, highlighting foreign entities’ attempts to curry favor.
15 Articles
15 Articles
Corrupt: China-Linked Firm Buys Up $300M Of $Trump Memecoin
A struggling tech firm with connections to China and a reliance on the Chinese social platform TikTok has reportedly secured funding to purchase up to $300 million worth of President Donald Trump's memecoin.The New York Times reported that GD Culture Group on Monday became the latest foreign-linked entity to capitalize on $TRUMP, Trump's cryptocurrency initiative that funnels profits directly to the Trump family.GD Culture Group, who has only ei…
Chinese Textile Company Addentax to Acquire $800 Million in BTC and Trump Tokens
Addentax Group Corp, a Chinese textile and apparel company, announced plans to acquire up to 8,000 bitcoins and other digital assets, including the memecoin TRUMP, by issuing shares of common stock. Addentax Group to Bring Crypto Influencers on As holders Chinese textile and apparel company Addentax Group Corp. announced on May 15 that it has...
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