"GD Culture Group, with just eight employees and no revenue, made a controversial $300 million investment in Trump's meme cryptocurrency, highlighting opaque financial dealings."
"This investment reflects a strategic move by GD Culture Group, believed to have connections to the Chinese government, in navigating the complex interplay between politics and cryptocurrencies."
GD Culture Group, a small Chinese e-commerce firm, made headlines by investing $300 million in Donald Trump's $TRUMP meme cryptocurrency, despite having no revenue and a minimal workforce. This investment raises eyebrows due to the company's suspected ties with the Chinese government and its opaque financial practices. The purchase, partially funded through a stock sale from a tax haven, highlights the intersection of international finance, politics, and cryptocurrency, especially amid Trump's ongoing promotion of $TRUMP through incentivized competitions.
Read at New York Magazine
Unable to calculate read time
Collection
[
|
...
]