GD Culture Group (GDC) has received board approval to sell a portion of its extensive bitcoin reserve, which totals 7,500 bitcoins, to finance a newly announced stock repurchase program. The board has granted management the flexibility to determine the timing and methods for executing the bitcoin sales, emphasizing that there is no obligation to sell a predetermined amount and that the plan can be adjusted or suspended as needed.
This decision comes as GDC faces significant challenges, notably a steep decline in its stock price that coincides with a downturn in bitcoin values over recent months. Earlier this month, the board had already approved a stock repurchase program valued at $100 million in an effort to stabilize the company’s share price.
According to data from CoinGecko, GDC’s bitcoin holdings are currently valued at approximately $497 million. However, this figure represents a substantial unrealized loss of $344 million, reflecting a nearly 41% drop from the total acquisition cost of $841.5 million. The company amassed its significant bitcoin reserve through the acquisition of Pallas Capital Holding, a transaction that was financed through the issuance of 39.18 million shares.
The decision to divest is not unique to GDC. Other companies in the sector have also begun to liquidate their bitcoin assets; Bitdeer, for instance, sold all its BTC holdings to pivot toward investments in AI data centers, while Riot Platforms decreased its bitcoin holdings late last year.
On a positive note for GDC, the company’s shares saw a 7% increase on Wednesday, which coincided with a modest rebound in bitcoin prices, rising above $67,000. Despite this uptick, GDC’s stock remains nearly 70% lower than its peak in September 2025, highlighting the volatility and challenges the company continues to face in a fluctuating market.
