GD Culture Group Board Greenlights Bitcoin Treasury Sales

What to Know

7,500 BTC -- GD Culture Group's board authorized the sale of Bitcoin from its corporate treasury to fund a share buyback program
$100 million -- The company announced a six-month stock repurchase initiative in February, with BTC sales intended to finance the effort
41% -- GDC is currently down on its Bitcoin investment, with an mNAV of just 0.42, as the broader crypto market downturn drags BTC below $60,000
24% -- Shares of GDC surged on Wednesday to $4.13 per share following the announcement

GD Culture Group's board on Wednesday authorized the sale of Bitcoin from its corporate treasury to finance a stock repurchase program. The publicly traded digital marketing and AI holding company, known as GDC, holds 7,500 BTC, ranking it the 15th largest corporate Bitcoin treasury holder, according to BitcoinTreasuries data.

What Is Behind GDC's Bitcoin Treasury Liquidation?

The authorization represents a stark reversal of GDC's May 2025 strategy to accumulate a cryptocurrency reserve of Bitcoin and Official Trump Coin. Wednesday's decision permits the company to offload BTC in one or more transactions, though GDC is not obligated to sell any specific amount, according to the company's announcement.

GDC announced a stock buyback program of up to $100 million in February, spanning six months. Shares surged more than 24% by Wednesday's close to $4.13 per share, according to Yahoo Finance.

GDC's $875 Million BTC Acquisition Faces Heavy Losses

GDC acquired its 7,500 Bitcoin through an $875 million purchase of Pallas Capital Holding in September 2025, when BTC traded between $109,000 and $117,000. Shares plummeted roughly 28% following the deal. The company has since lost approximately 41% on its BTC investment, with a multiple on net asset value of just 0.42.

mNAV is a critical metric for Bitcoin treasury companies, calculated by dividing market capitalization by the dollar value of BTC holdings. Despite the steep drawdown, GDC's 7,500 BTC treasury is valued at approximately $517.5 million at market prices, more than double the firm's market capitalization of roughly $236.7 million.

How Does the Broader Crypto Downturn Factor In?

The board's decision arrives during a sweeping crypto market downturn that has pushed BTC prices as low as $60,000, a decline of more than 50% from its all-time high above $126,000. The rout has battered Bitcoin treasury companies, eroding mNAVs and pressuring firms to reconsider accumulation strategies.

GDC is not alone in unwinding crypto treasury positions. FG Nexus recently sold another $14 million in Ether as losses mounted on its own treasury bet, highlighting challenges facing companies that built digital asset reserves near market peaks.

What This Means Going Forward

GDC's pivot from accumulation to potential liquidation signals a broader shift among smaller treasury companies struggling with underwater positions. Whether GDC ultimately sells any of its 7,500 BTC depends on market conditions and the pace of its $100 million buyback program over the coming months.