GD Culture Group (GDC) said it has received board approval to sell part of its 7,500 Bitcoin reserve to fund a previously announced stock buyback plan.
The board authorization allows management to decide when and how to conduct Bitcoin sales. GD Culture emphasizes that it is not obligated to sell any fixed number of products and can change or stop the program at any time.
The board approved a $100 million buyback plan earlier this month in the face of a sharp decline in the price of Bitcoin in recent months.
According to data from CoinGecko, the company currently holds approximately $497 million worth of Bitcoin. That value has declined over time, with GD Culture’s unrealized losses at $344 million, down nearly 41% from its total acquisition cost of $841.5 million.
The company acquired a large amount of Bitcoin through the acquisition of Pallas Capital Holding. At the time, the move was funded through the issuance of 39.18 million shares.
Other companies have also begun divesting their Bitcoin holdings. Earlier this week, Bitdeer sold all of its BTC to fund its move into artificial intelligence data centers, while Riot Platforms reduced its BTC balance late last year.
On Wednesday, GDC shares rose 7%, and Bitcoin prices rebounded slightly to above $67,000. Compared with the peak in September 2025, it is still down nearly 70%.
