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.