A little-known Nasdaq-listed company, GD Culture Group (GDC), has triggered waves of controversy after revealing plans to invest up to $300 million in Bitcoin and the Trump-themed memecoin, TRUMP.
The May 11 SEC filing marks a dramatic pivot for the company, which reported zero revenue last year and employs just eight people.
The announcement comes at a politically sensitive time: President Trump is weighing a TikTok ban, even as GDC claims to operate its e-commerce business through the platform. Just weeks earlier, the president hosted a private gala for top TRUMP holders, offering exclusive access — including a meeting with the president — to the top 25 wallet owners.
Critics warn this could blur ethical lines and financially benefit the Trump family, especially as the TRUMP token trades on speculative fervor.
Offshore Funding Raises Transparency Flags
GDC’s filing discloses that funding for the crypto purchases will come from a private stock placement to an unnamed entity in the British Virgin Islands — a region frequently cited for tax avoidance and limited disclosure rules. The move sidesteps U.S. investor protections and raises red flags about regulatory oversight and potential foreign influence.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/300m-bitcoin-trump-bet-by-china-linked-firm-sparks-ethics-firestorm/