The board of Nasdaq-listed GD Culture Group Limited (GDC) has authorized the potential sale of a portion of its 7,500 Bitcoin reserve to help fund a previously announced $100 million share repurchase program. The company's management has been given full discretion over the timing, volume, and execution of any Bitcoin sales, with no fixed amount required to be sold and the ability to modify or halt the plan at any time.
GD Culture acquired its Bitcoin treasury through a share exchange deal in December 2025, when it purchased 100% of Pallas Capital's outstanding assets, including the 7,500 BTC, for 39.18 million new stock units. The total acquisition cost for the Bitcoin was approximately $841.5 million. At current prices near $67,000 per coin, the holdings are worth roughly $497 million, leaving the company with an unrealized loss of about $344 million, or a 41% decline from its cost basis.
The $100 million buyback program was announced on February 18, 2026. The company stated that proceeds from any Bitcoin sales would be used to cover repurchase costs, including brokerage fees and taxes. GD Culture ranks as the 15th largest public holder of Bitcoin among listed companies. The news contributed to a stock price rally, with GDC shares rising 7-12% on the day, though the stock remains down nearly 70% from its peak in September 2025.
The move represents a strategic pivot for the company, which had initially pitched the Bitcoin acquisition as part of a long-term crypto treasury strategy. GD Culture operates through its AI Catalysis Corp. in the U.S. and Shanghai Xianzhui Technology Co., Ltd. in China, focusing on AI-driven digital human technology and livestreaming e-commerce.
