A small technology company with ties to China, GD Culture Group Limited, has announced a plan to build a substantial cryptocurrency reserve

The Nasdaq-listed firm, which has a modest staff of eight, revealed in a recent filing that it secured a $300 million funding deal to fuel its crypto acquisition strategy

A small technology company with ties to China is planning to buy a substantial cryptocurrency reserve, including a significant amount of the $TRUMP meme coin, which is being promoted by former President Donald Trump.

Nasdaq-listed GD Culture Group Limited, which has a modest staff of eight, disclosed its crypto acquisition plans in a recent filing. The company, primarily known for its technology and digital content operations, revealed that it secured a $300 million funding deal to fuel its treasury management strategy.

This move, which draws comparisons to Strategy’s high-profile Bitcoin accumulation approach, has raised concerns due to the company’s limited operational scale and its connections to foreign entities.

GD Culture Group will be investing heavily in cryptocurrencies, with a particular focus on Bitcoin and the $TRUMP token, as part of its strategy to diversify its treasury.

The filing, first reported by the WSJ, details a stock sale agreement that the company reached with an unnamed British Virgin Islands-based entity to raise the necessary funds for its crypto purchases.

The $TRUMP token, which was launched shortly before Trump’s inauguration, has been a subject of interest due to its ties to the Trump family. Trump’s daughter, Ivanka Trump, and son-in-law, Jared Kushner, hold an 80% stake in the token through their affiliated entities.

This venture channels significant profits from the token’s success directly to the Trump Organization, raising concerns about potential conflicts of interest given Trump’s political influence and the attention his ventures attract.

The company’s strategy closely mirrors that of Strategy, the U.S. firm that has made headlines for its aggressive Bitcoin purchases and treatment of the cryptocurrency as a core treasury asset.

However, GD Culture Group’s small size and somewhat opaque funding sources have drawn scrutiny. Posts on social media and reports from outlets like The New York Times have highlighted the firm’s limited operational footprint and its Chinese affiliations, sparking discussion about the motivations behind its sudden pivot to crypto.

Critics argue that the move could be an attempt to gain favor with U.S. policymakers or capitalize on the hype surrounding Trump’s digital ventures.

The $TRUMP meme coin itself has been a volatile investment. While it initially surged in value, recent analyses, including one from The Washington Post, indicate that many retail investors have faced steep losses as the coin’s price has plummeted to around $11.

Despite this, GD Culture Group’s planned acquisition signals confidence in the token’s long-term potential, or at least its ability to generate publicity.

The firm’s filing did not specify the exact allocation between Bitcoin and $TRUMP, but the inclusion of the latter has intensified scrutiny due to its political and financial ties.

This development comes amid broader concerns about foreign entities engaging with Trump-affiliated crypto projects. World Liberty Financial, another Trump-backed crypto project, has also attracted foreign investment, including from firms in the UAE and partnerships in Pakistan.

Such dealings have prompted warnings from figures like Senator Elizabeth Warren, who argue that these ventures pose significant ethical risks and could undermine U.S. regulatory efforts in the crypto space.

As GD Culture Group moves forward with its crypto strategy, its intentions, the sources of its funding, and the broader implications for Trump’s influence in the cryptocurrency market will likely remain subjects of interest and discussion.