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Crypto Economy
Crypto Economy
@cryptoeconomy.bsky.social
6 months ago
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⚡ Flash News ⚡

🏦 GD Culture acquires 7,500 BTC in $876M deal 🔑

GD Culture moves into the top 15 public firms by Bitcoin holdings after announcing a stock-based acquisition of Pallas Capital’s assets.

#Bitcoin #GDCulture #Crypto #BTC

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⚯ Michel de Cryptadamus ⚯
⚯ Michel de Cryptadamus ⚯
@cryptadamist.universeodon.com.ap.brid.gy
10 months ago
GD Culture and Addentax share more than just ties to China and a mutual affinity for the president’s memecoin: They are both in danger of being delisted from Nasdaq, a major U.S. exchange. And by promoting investments in crypto (and Trump), these companies might simply be grasping for ways to raise their stock prices and hold on to their U.S. listings, securities-industry executives said. Share-price performance, year to date 100% o © © » m GD Culture Group W m Addentax Group 2 40 | . . . . 05 May Source:Factset “They want to invoke the T word so they get a lft and a bump,” said Daniel McClory, head of China at Boustead Securities, an investment bank. “I bet we're going to see a lot more transactions like this certainly because crypto is hot.” The moves demonstrate how Trump’s embrace of crypto has unlocked new avenues for companies and investors to profit from his brand. GD Culture and Addentax announced their plans to buy STRUMP just days before many of the memecoin’s biggest holders were rewarded for their investments with an invite to a gala dinner with the president. The event, which will be held Thursday, has been described as an ethics nightmare by government watchdog groups.

GD Culture and Addentax share more than just ties to China and a mutual affinity for the president’s memecoin: They are both in danger of being delisted from Nasdaq, a major U.S. exchange. And by promoting investments in crypto (and Trump), these companies might simply be grasping for ways to raise their stock prices and hold on to their U.S. listings, securities-industry executives said. Share-price performance, year to date 100% o © © » m GD Culture Group W m Addentax Group 2 40 | . . . . 05 May Source:Factset “They want to invoke the T word so they get a lft and a bump,” said Daniel McClory, head of China at Boustead Securities, an investment bank. “I bet we're going to see a lot more transactions like this certainly because crypto is hot.” The moves demonstrate how Trump’s embrace of crypto has unlocked new avenues for companies and investors to profit from his brand. GD Culture and Addentax announced their plans to buy STRUMP just days before many of the memecoin’s biggest holders were rewarded for their investments with an invite to a gala dinner with the president. The event, which will be held Thursday, has been described as an ethics nightmare by government watchdog groups.

two more publicly traded companies announced they'll be turning themselves into crypto investment vehicles, this time for #TRUMP investments.

#crypto #uspol #finance #economics #stockmarket #Addentax #China #GDCulture #TrumpCoin

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