GD Culture (GDC) news: Management wins board approval to sell BTC

CoinDesk

by Francisco Rodrigues

February 25, 2026

AI-Generated Deep Dive Summary

GD Culture (GDC), a Bitcoin treasury firm, has received board approval to sell part of its 7,500 Bitcoin holdings worth approximately $497 million to fund a stock repurchase program. This move comes as the company faces a sharp decline in its stock price, which has fallen by about two-thirds since peaking last year, mirroring Bitcoin's broader market downturn. The board authorization allows management flexibility in deciding when and how to execute the sales, with no obligation to sell a specific amount or to continue the plan. The decision follows a $100 million buyback program announced earlier this month, driven by GDC’s sharp stock decline amid Bitcoin’s recent price drop. The company’s Bitcoin holdings, acquired through its acquisition of Pallas Capital Holding, are currently valued at around $497 million but carry an unrealized loss of $344 million—a nearly 41% decrease from the total acquisition cost of $841.5 million. This marks a trend in the crypto space, with other companies like Bitdeer and Riot Platforms also reducing or selling their Bitcoin holdings to pivot towards more stable investments, such as AI data centers. The sale reflects GDC’s strategic shift in response to market conditions, signaling a move away from speculative assets like Bitcoin toward potentially more lucrative ventures. While GDC shares rose by

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Originally published on CoinDesk on 2/25/2026