GD Culture Group's Board Greenlights Sale of Bitcoin Holdings from Corporate Treasury
The digital marketing and artificial intelligence firm purchased 7,500 Bitcoin in September 2025, during a widespread decline in net asset value multiples for Bitcoin treasury corporations.
On Wednesday, the board of directors at GD Culture Group (GDC), a publicly traded holding company with a focus on artificial intelligence and digital marketing, granted authorization for the firm to liquidate Bitcoin (BTC) from its corporate treasury holdings to fund a share repurchase initiative.
The decision seems to mark a reversal from the company's May 2025 strategy to establish a digital asset reserve consisting of Bitcoin and Official Trump Coin (TRUMP).
The authorization granted on Wednesday permits the firm to dispose of BTC from its treasury holdings through "one or more transactions," while the company maintains no obligation to divest any specific quantity of BTC, based on GDC's official statement.
The company revealed a stock repurchase program in February, allocating up to $100 million for share buybacks over a six-month timeframe.
GDC shares experienced a surge of more than 24% by the closing bell on Wednesday, reaching $4.13 per share, as reported by Yahoo Finance.
The board's announcement occurred during a widespread cryptocurrency market decline, which pushed BTC prices down to lows of $60,000, representing more than a 50% drop from its record high above $126,000; this market correction has had adverse effects on companies holding Bitcoin in their treasuries.
GDC rapidly ascends treasury rankings within months, though entry occurred close to market peak
Through an $875 million transaction to acquire Pallas Capital Holding in September 2025, GDC obtained 7,500 BTC, at a time when BTC prices ranged between $109,000 and $117,000. The company's stock price dropped approximately 28% following the announcement of the acquisition.
Based on Bitcoin holdings data from BitcoinTreasuries, GDC holds the position of 15th largest BTC treasury company, though it currently faces approximately 41% losses on its BTC holdings.
The firm's multiple on net asset value (mNAV) stands at 0.42; for Bitcoin treasury companies, mNAV represents an essential performance metric, determined by dividing a company's market capitalization by the total dollar value of its Bitcoin reserves.
Notwithstanding the market decline, the company's treasury of 7,500 BTC holds a valuation of approximately $517.5 million based on current market pricing at the time of writing; this amount exceeds GDC's market capitalization of roughly $236.7 million by more than double, following the stock price increase observed today.