GD Culture Plans Bitcoin Sale to Buy Back Shares
GD Culture to Liquidate Bitcoin for Share Buyback
GD Culture, a firm known for AI and livestreaming services, has announced plans to sell part of its Bitcoin holdings. The move will fund a new share repurchase program that could reach $100 million over the next six months.
- Bitcoin Holdings: ~7,500 BTC (purchased during the acquisition of Pallas Capital last fall)
- Current Value: Roughly $518 million at today’s prices
The board has approved the sale, but GD Culture retains full discretion over how much to liquidate and when. The program may be adjusted or halted at any time.
After the announcement, GD Culture’s stock surged 15%, trading at $4.04 per share—yet it remains about 60% below its yearly high and has declined over 10% in the past month.
Other crypto‑treasury firms have taken similar steps. In October, ETHZilla sold $40 million of Ethereum to fund buy‑backs. Riot Platforms and Cango also sold significant amounts of Bitcoin, partly to finance new technology ventures.
This strategy illustrates a broader trend: companies with substantial digital‑asset reserves are converting those holdings into cash to enhance shareholder value.