Key Takeaways
- GD Culture Group’s board has greenlit the sale of portions from its 7,500 BTC treasury to finance a $100 million share repurchase initiative.
- The firm’s Bitcoin position is valued at approximately $497 million but carries an unrealized deficit of $344 million.
- GD Culture obtained its Bitcoin holdings via the December 2025 Pallas Capital acquisition.
- GDC shares climbed 7% Wednesday but trade roughly 70% below their September 2025 high.
- Company executives retain complete flexibility regarding sale timing and amounts — no mandatory volume exists and the program may be suspended anytime.
GD Culture Group (GDC) announced Wednesday that its board of directors has authorized the potential liquidation of a portion of its 7,500 Bitcoin treasury to finance its share buyback program.
The $100 million repurchase initiative was originally unveiled on February 18. Bitcoin sales would be used to cover transaction expenses, including broker commissions and tax obligations.
Company executives have received authorization to execute the sales through multiple separate transactions. Neither a specific quantity nor a defined schedule has been established.
The organization retains the right to adjust or terminate the program whenever deemed appropriate. No requirement exists to dispose of any predetermined Bitcoin amount.
GD Culture obtained its Bitcoin position through a stock exchange transaction in December 2025, acquiring Pallas Capital’s complete outstanding assets — including the full 7,500 BTC — by issuing 39.18 million new equity units.
The deal was presented as a strategic initiative to develop a sustained cryptocurrency treasury approach. Results have fallen short of expectations thus far.
Substantial Unrealized Deficit
GD Culture’s aggregate Bitcoin acquisition expense totaled $841.5 million. With current valuations hovering around $67,000 per token, the portfolio stands at approximately $497 million.
This positions the organization with an unrealized deficit of roughly $344 million — representing a decline of almost 41% from the original purchase price.
GDC holds the position as the 15th largest institutional Bitcoin holder among publicly traded entities, based on available market intelligence.
Equity Price Remains Significantly Depressed
GDC stock advanced approximately 7% during Wednesday’s session, benefiting from Bitcoin’s moderate recovery above the $67,000 threshold.
Notwithstanding this uptick, shares remain nearly 70% below their September 2025 zenith — mirroring Bitcoin’s dramatic retreat from its all-time peak exceeding $126,000.
GD Culture isn’t the only firm reconsidering its Bitcoin treasury approach. Earlier this week, Bitdeer liquidated its complete BTC portfolio to reallocate resources toward AI data center infrastructure.
Riot Platforms similarly decreased its BTC reserves during the latter portion of last year.
GD Culture conducts operations through two subsidiary entities — AI Catalysis Corp. located in the United States and Shanghai Xianzhui Technology Co., Ltd. based in China. The Nevada-incorporated entity underwent rebranding from Code Chain New Continent Limited in January 2023.
The organization specializes in AI-powered digital avatar technology and livestreaming commerce platforms.
GDC maintains a Nasdaq listing. Its Bitcoin reserve, currently valued near $497 million, establishes it as the 15th largest institutional Bitcoin holder among publicly listed corporations.
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