The Chinese company bought up to $ 300 million Trump Meme coin

Did you hear from GD Culture Group? Most likely not because the Chinese e-commerce company, which focuses on Tikkok, has only eight employees and did not achieve any income last year. Nevertheless, the capital found that an investment of 300 million US dollars works in $ Trump -the meme cryptocurrency that has not been worth inherent, except perhaps buying access to the president.

In a securities registration that was published late Tuesday and was first reported by the New York JustGD Culture Group announced that he had bought 300 million US dollars from Bitcoin and $ Trump Coin. Despite an employee that is too small to play a baseball game, the company made the purchase with money from a share sale to an unknown interest in the British Virgin Islands, a tax house that has been completed for such and opaque business as this.

It is unclear how much purchase Bitcoin was and how much the President's Meme coin was. However, it was the first time of a company with connections to the Chinese government that bought Trump's cryptocurrency. In an earlier financial disclosure, the GD culture group stated that the Chinese government “intervene or influence or influence the business of one of its subsidiaries at any time.

Trump's cryptocurrencies have already proven to be an excellent opportunity for foreign interests to win over the favor of whether it is a fund supported by Emirati who invests $ 2 billion in Trump's USD1 coin as a Mexican company that buys $ 20 million of the Meme coin. The time of buying the GD culture is also worth mentioning, and not only because Trump withdraws from a trade war with the government, which can control the company's business. Trump has strengthened his meme coin with a competition since the last month: if you buy, you will win a private dinner with him and other top candidates on May 22nd. As soon as it ended, investors started selling the coin, which led to a strong decline in value.

It is possible that the GD culture group Bitcoin worth $ 299 million and only $ 1 million from Trump, which would not be a bad idea, if you consider that Bitcoin records a quiet revival of heights in the economic fear of Trump's trade war. But even if most of his investment on BTC went, Trump's business would receive a nice trade fee and proof of a very important idea: the $ Trump coin is still a great way to attract the president for foreign millionaires.