GDC, a company with zero revenue and eight employees, made a $300M Bitcoin and TRUMP bet according to a recent SEC filing.
This move by GDC coincides with President Trump considering a TikTok ban, while the company claims to operate its e-commerce business through the platform.
Critics are concerned about the ethical implications of GDC's actions, especially regarding potential financial benefits to the Trump family due to TRUMP token trading.
The funding for the crypto purchases will be sourced from a private stock placement to an undisclosed entity in the British Virgin Islands, raising concerns about transparency and potential foreign influence.