US EditionTiny Company Made Big Purchase of Trump Crypto
- GD Culture Group, a small Nasdaq-listed tech firm with eight employees, announced a $300 million purchase of Bitcoin and Trump's memecoin $TRUMP on May 13, 2025.
- The purchase follows GD Culture Group's stock sale agreement with an undisclosed British Virgin Islands entity, a known tax haven, to finance the cryptocurrency acquisition.
- The company, which produces TikTok-focused short videos and recorded zero revenue last year, disclosed Chinese government influence risks through its subsidiary Shanghai Xianzhui.
- Former Congressman Charles Dent emphasized that foreign governments and organizations are clearly attempting to gain the president’s approval, raising serious ethical and legal concerns about the matter.
- This transaction raises potential conflicts of interest, as profits from $TRUMP directly benefit the Trump family while Trump negotiates on TikTok’s U.S. Operations amid a congressional ban threat.
22 Articles
22 Articles
China-linked company makes huge purchase of Trump's cryptocurrency
A China-linked company with eight employees, which earned zero kronor last year, is said to have invested hundreds of millions in Donald Trump's cryptocurrency. The trail of the money ends in a tax haven.
Tiny Company Made Big Purchase of Trump Crypto
“A struggling technology company that has ties to China and relies on TikTok made an unusual announcement this week. It had secured funding to buy as much as $300 million of $TRUMP, the so-called memecoin marketed by President Trump,” the New York Times reports. “The purchase would create clear ethical conflicts, enriching Mr. Trump’s family at the same time that the president tries to reach a deal that would allow TikTok to keep operating in th…
'Completely out of bounds': Trump ripped over $300M windfall from Chinese-backed company
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 became on Monday 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…
Binance Founder CZ Dispel Rumors About TRUMP Tokens Role in $2B MGX Deal
Binance founder Changpeng ‘CZ’ Zhao has recently addressed false reports linking the TRUMP digital coin to a $2 billion investment deal involving Abu Dhabi’s MGX and Binance. The rumors suggested that the TRUMP token played a role in the transaction. However, CZ has clarified the facts, set the record straight, and removed any confusion surrounding the deal. Binance Founder Corrects Wrong Reportage In his latest post on X, Changpeng Zhao respond…
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