Key Highlights
- The board of GD Culture Group has authorized liquidating portions of the company’s 7,500 BTC holdings to finance a $100 million share repurchase initiative.
- Current Bitcoin holdings are valued at approximately $497 million, representing an unrealized loss of $344 million against acquisition costs.
- The company obtained its Bitcoin position via the December 2025 purchase of Pallas Capital.
- Shares gained 7% on Wednesday, though they remain approximately 70% below their September 2025 high.
- Company leadership retains complete flexibility regarding execution timing and sale volumes, with authority to pause or modify the program without obligation to sell predetermined amounts.
GD Culture Group (GDC) announced Wednesday that its board of directors has greenlit the potential liquidation of portions of its 7,500 Bitcoin treasury to provide funding for its share repurchase initiative.
The company unveiled its $100 million buyback program on February 18. Proceeds from Bitcoin liquidations will cover repurchase expenses, encompassing brokerage commissions and tax obligations.
Company leadership received authorization to execute sales through multiple separate transactions. The board established neither specific volume requirements nor fixed timelines.
The organization maintains full flexibility to adjust or suspend the initiative whenever deemed appropriate. The program includes zero requirement to liquidate any predetermined Bitcoin quantity.
GD Culture obtained its Bitcoin position through a share exchange transaction completed in December 2025, acquiring 100% of Pallas Capital’s assets — encompassing the entire 7,500 BTC position — by issuing 39.18 million newly created stock units.
Management framed the acquisition as a strategic move toward establishing a long-term cryptocurrency treasury. Performance to date has fallen short of those ambitions.
Substantial Unrealized Losses
GD Culture’s aggregate Bitcoin acquisition expenditure totaled $841.5 million. With current market pricing hovering around $67,000 per coin, the position carries an estimated value of $497 million.
This creates an unrealized loss position of approximately $344 million — representing a decline of roughly 41% from original acquisition costs.
Among publicly traded companies, GDC holds the 15th largest Bitcoin position, based on available industry data.
Shares Remain Significantly Below Peak Levels
GDC stock posted gains of approximately 7% during Wednesday trading, benefiting from Bitcoin’s modest recovery above the $67,000 threshold.
Despite Wednesday’s advance, shares continue trading nearly 70% below their September 2025 peak — mirroring Bitcoin’s dramatic decline from its all-time high exceeding $126,000.
GD Culture joins other public companies reassessing Bitcoin treasury strategies. Earlier this week, Bitdeer liquidated its complete BTC position to reallocate resources toward AI data center infrastructure.
Riot Platforms similarly decreased its BTC holdings during the latter months of last year.
GD Culture conducts operations through two subsidiary entities — AI Catalysis Corp. based in the United States and Shanghai Xianzhui Technology Co., Ltd. operating in China. The Nevada-domiciled entity underwent rebranding from Code Chain New Continent Limited in January 2023.
The company concentrates on AI-powered digital human technology and livestreaming e-commerce platforms.
GDC maintains its listing on the Nasdaq exchange. The company’s Bitcoin reserve, currently valued near $497 million, positions it as the 15th largest public corporate Bitcoin holder among exchange-listed entities.
