A tiny Chinese company owned by same people that own TikTok just bought $300,000,000 of $TRUMP Coin. Now why do you think they did that? 🧐👀

I'd like to see MAGA defend this. Especially given the VIP dinner for the top 200 coin holders. Seems like he's selling a seat at the table (literally) to China.

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The President of the United States is unashamedly for sale.

True

Just arrest him and freeze all of his assets already. Demand new elections.

This is corruption at levels we haven’t seen before. Now I doubt if attempts on his life were planned so he can win sympathy votes. wtf is happening? I have seen reports of TRON foundation buying the shit coin but now it’s a new thing. I am done with this

Yes

“Produces content for TikTok” and has “China ties” is not the same thing as a “Chinese company owned by same people that own TikTok”

Interesting

How is this allowed to go on like this no one is doing anything to stop this bs

Vital @nytimes reporting by @yaffebellany and @EricLiptonNYT, indeed. Here's a chunk and link: A struggling technology company that has ties to China and relies on TikTok made an unusual announcement this week. It had secured funding to buy as much as $300 million of $TRUMP, the so-called memecoin marketed by President Trump. GD Culture Group, a publicly traded firm with a Chinese subsidiary, has only eight employees, its public filings show, and recorded zero revenue last year from an e-commerce business it operates on TikTok, the Chinese-owned video-sharing app. But on Monday, GD Culture Group became the latest business with foreign ties to seize on Mr. Trump’s crypto venture, which channels profits directly to the Trump family and has generated conflicts of interest that have alarmed ethics experts. (Memecoins like $TRUMP are a type of cryptocurrency based on an online joke or celebrity mascot and have traditionally not had any utility beyond speculation.) In its statement, GD Culture Group, which is traded on the Nasdaq, said it would spend $300 million on a stockpile of Bitcoin and $TRUMP, using proceeds from a stock sale to an unnamed entity in the British Virgin Islands, a popular tax haven. It confirmed that investment plan in a securities filing late Tuesday. The purchase would create clear ethical conflicts, enriching Mr. Trump’s family at the same time that the president tries to reach a deal that would allow TikTok to keep operating in the United States rather than face a congressionally approved ban. ~~ Tiny Company With China Ties Announces Big Purchase of Trump Cryptocurrency The firm, which produces content for TikTok, recorded no revenue last year, but it announced this week that a mysterious stock sale would allow it to invest heavily in the $TRUMP memecoin.