Despite China’s official ban on cryptocurrency trading and mining, several companies with Chinese roots are actively investing in Bitcoin, signaling a more complex reality beneath Beijing’s restrictive stance.
One example is DayDayCook (DDC), a Hong Kong-based lifestyle and food tech company operating in mainland China. DDC has initiated a Bitcoin reserve strategy, acquiring 100 BTC and setting a long-term target of 5,000 BTC over the next 36 months. The move echoes the reserve strategies seen in firms like MicroStrategy and reflects a pivot toward decentralized financial hedging.
Another surprising case is GD Culture Group, a little-known Chinese tech firm that pledged up to $300 million to invest in Bitcoin and the Trump-themed memecoin TRUMP. The announcement raised eyebrows due to the company’s lack of revenue and reported ties to TikTok, currently under U.S. scrutiny for national security risks.
These examples suggest that Chinese-affiliated companies are quietly testing the waters in crypto markets, navigating legal gray areas or operating through subsidiaries outside mainland China.
The moves are also symbolic: they underscore Bitcoin’s global appeal, even in jurisdictions with strict controls, and highlight how corporate actors may influence Bitcoin adoption—despite governmental pushback.
