May. 27 at 10:53 PM
$GDC this is what keeps me up at night, not really i sold! lol
Believing GDC owns 7500 BTC requires you to take the Chinese company's word as fact. They should provide a wallet address. The BTC has not been audited, and oddly they bought it at a steep discount in a share exchange asset acquisition from Pallas. One would be right to wonder why and how that discounted structure came about. BTC then worth
$876M was acquired for
$274M worth of
$GDC shares - strikes me as very strange.
Companies sometimes tell big lies (see
$GTII and
$MMTLP).
