GD Culture Group Plans $300M Investment in Bitcoin and $TRUMP Coin
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- GD Culture Group plans to raise $300M to invest in BTC and $TRUMP
- The investment will be funded by a stock sale to a British Virgin Islands entity.
- Foreign companies are increasingly using $TRUMP investments to gain favor with Trump.
A Chinese-linked company, GD Culture Group, has revealed an unexpected plan. The company announced its intention to raise $300 million through an investment deal. The funds raised will be used to acquire both Bitcoin and $TRUMP, a cryptocurrency with strong ties to the U.S. President Donald Trump.
The company has a small workforce and generates limited earnings from its TikTok operations. On Tuesday, GD Culture Group revealed its investment plans, which involve selling shares to raise funds. These funds will be transferred to a British Virgin Islands-based company, known for its tax advantages. Following the announcement, GD Culture Group shares jumped by 12% immediately following the news of the investment. Still, the stock’s price fell back the following day, illustrating how q…
The post GD Culture Group Plans $300M Investment in Bitcoin and $TRUMP Coin appeared first on Coin Edition.
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In This News
Coins
$ 64.05K
+0.10%$ 0.0746
-4.72%$ 0.00738
+3.50%$ 0.00...361
$ 213.96
Predictions Markets
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