GD Culture (GDC) Shares Surge as Board Approves Bitcoin Sale to Fund $100M Buyback

GD Culture Group (GDC) shares surged nearly 15% after its board authorized the sale of its 7,500 bitcoin holdings, currently valued around $510 million, to finance a previously announced $100 million share repurchase program. This program is expected to occur over the next six months, with management retaining flexibility on the timing of the bitcoin sales. The move highlights a significant valuation gap, as the value of GDC's bitcoin alone exceeds its $210 million market capitalization, resulting in a low market cap-to-net asset value (mNAV) ratio. GD Culture, which operates in AI-driven digital human technology and e-commerce, holds one of the top 15 corporate bitcoin treasuries. The stock's rally coincided with a broader rebound in crypto-exposed stocks.

(Source：Bitcoin Magazine)