The post Chinese-linked firm raises $300M from private investor to buy TRUMP memecoin appeared on BitcoinEthereumNews.com.

A little-known tech company with ties to China is pledging up to $300 million to purchase Bitcoin and the Trump-themed memecoin TRUMP, according to a May 11 filing with the US Securities and Exchange Commission. The move immediately raised alarms over potential conflicts of interest and regulatory gaps, as it could enrich the Trump family. At the same time, the president is considering whether to ban TikTok in the US. It also comes just weeks after the president was criticized for hosting a gala dinner for the top 200 TRUMP holders and offering a meeting with the president for the top 25 holders. The announcement came from GD Culture Group, a Nasdaq-listed firm with just eight employees and no recorded revenue last year. The company claims to operate an e-commerce platform via TikTok, but appears to be shifting strategy. In a recent filing, GDC said it plans to allocate its budget to Bitcoin and TRUMP using proceeds from a private stock placement to an unnamed entity based in the British Virgin Islands, a jurisdiction known for its secrecy and favorable tax status. Turning a penny stock into a crypto whale Until now, GD Culture Group has had a minimal public footprint. Its operations in China and reliance on a Chinese-owned platform like TikTok gave it little visibility in Western capital markets. But that changed dramatically when it revealed plans to raise hundreds of millions of dollars through a two‑year “equity line” (also called a committed‑equity facility) with a single accredited investor. Whenever the company chooses, it can send the investor a Purchase Notice telling the investor to buy newly issued GDC common shares. Cash from those share sales, up to $300 million, will be the source of funds. The investor can never hold more than 4.99 % of the outstanding shares (with an option to…

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Filed under: News - @ May 14, 2025 10:25 am