Nasdaq-listed GD Culture authorized to sell part of 7,500 Bitcoin reserve for stock buyback

GD Culture Group Limited, a Nasdaq-listed company focused on AI and e-commerce, announced that its board approved the potential sale of some of its 7,500 Bitcoin holdings to finance a previously disclosed $100 million share repurchase initiative. The proceeds from the disposition will cover the stock buybacks and associated costs like brokerage fees and taxes. The company acquired its entire Bitcoin reserve, currently valued around $497 million, through a share exchange agreement in December 2025 to acquire Pallas Capital. Management has been granted discretion over the timing and volume of sales, with no set timeline, and the program can be modified or terminated. This move represents a strategic shift for the Nevada-based firm, which rebranded from Code Chain New Continent Limited in January 2023.

(Source：Crypto Briefing)