GD Culture Sells Bitcoin Holdings to Finance $100M Share Buyback

GD Culture

GD Culture Group announced that its board of directors authorized the sale or liquidation of its 7,500 Bitcoin (BTC) treasury. This move is taken to fund a previously stated $100 million share repurchase program.

Summary

  • GD Culture may sell, exchange, or liquidate all or part of its 7,500 BTC reserve to fund a $100 million buyback.
  • The firm reports a $332 million market loss on its $841 million Bitcoin purchase.

GD Culture Group Limited is a New York-based, Nevada-incorporated company that focuses on AI-driven digital human technology, virtual content production, and live-streaming e-commerce. In September 2025, the company acquired 7,500 Bitcoin via a share exchange with Pallas Capital. This is when BTC was trading between $109,000 and $117,000. The company shares plunged about 28% in response to the deal.

However, in February 2026, the company directors approved a plan, allowing management to sell or liquidate part or all of the 7,500 Bitcoin to fund a previously announced stock repurchase program. The Company came to this decision after facing sustained market pressure and a consecutive decline in crypto prices in recent months.

GD Culture Authorizes Bitcoin Treasury Sales

The board members are permitted to make the sale at a specific time for a specific amount. However, they have not stated the specified amount that must be sold, and the program can be changed or stopped at any time.

GD Culture’s Bitcoin Treasury is currently valued at $513.5 million, and the total acquisition cost is $841.5 million. Currently, the first reported an unrealized loss of $328.01 million. This records a decline of 39% from the initial purchase cost.

This is a publicly listed firm, ranking 15th among public Bitcoin treasury firms, just ahead of Galaxy Digital and the Trump-backed American Bitcoin. The company aims to boost its stock price, which is down by 12% year-to-date amid Bitcoin’s decline. The crypto market is up by 11%, surging with Bitcoin, which has broken the $68,000 mark.

Bitcoin Left Behind Lower Phase

Numerous market analysts believe that Bitcoin has left behind the downside phase. Bitcoin is trading at nearly $68,291, marking an increase of 4.52%. Based on calculations, $100,000,000 divided by $68,776 would mean roughly 1,450 BTC would be needed to be sold to fully fund the authorization.

If Bitcoin weakens, GDC might need to sell more BTC to reach the dollar target, which could increase balance sheet sensitivity. On the other hand, if Bitcoin strengthens, the dollar can be met with fewer coins. Analysts have considered the buyback funding plan as unusually aggressive relative to GDC’s equity value and subject to elevated market risk.

After the announcement, GDC shares surged between 11% and 24%, closing at $4.13, indicating that investors have reacted positively to the plan for capital returns.

Conclusion

GD Culture is not the first Bitcoin treasury firm to unload its holdings amid the market downtrend. Earlier, Bitcoin miner Bitdeer announced that it sold off its entire BTC holdings after mining 189.8 BTC and selling an equivalent amount. The remaining reserves, which amounted to 943.1 BTC, were also sold off.
In another announcement, Bitdeer said that they had produced 183.4 BTC but sold an equivalent amount of 179.9 BTC. In the latter part of 2025, Riot Platforms also sold off some of their BTC reserves. Currently, the company is shifting towards its core businesses in artificial intelligence (AI) and livestreaming e-commerce, moving away from the policies taken in May 2025, which is to build a massive crypto reserve.