GD Culture (GDC) news: Management wins board approval to sell BTC

GD Culture Group (GDC) has secured board authorization to sell some of its 7,500 Bitcoin holdings to finance a previously announced $100 million stock repurchase program. Management has the discretion over the timing and volume of these sales, with no obligation to sell a set amount, and can halt the plan anytime. The move comes as the company's stock has declined significantly—nearly 70% from its September 2025 peak—mirroring Bitcoin's price drop. GDC's current BTC reserves are valued around $497 million, reflecting an unrealized loss of $344 million from its acquisition cost of $841.5 million, which was financed via share issuance after acquiring Pallas Capital Holding. Other firms, like Bitdeer and Riot Platforms, have also recently adjusted their BTC positions.

(Source：CoinDesk)