GD Culture Group (GDC) has received board approval to sell part of its 7,500 bitcoin reserve to help fund a previously announced share buyback program, the company said.
The board’s authorization allows management to decide when and how the bitcoin sale will be conducted. GD Culture emphasized that it is not committed to selling a fixed amount and can change or stop the plan at any time.
Facing a sharp decline in its stock price as the price of bitcoin has fallen in recent months, the board approved a $100 million buyback program earlier this month.
The company’s bitcoin holdings are currently worth about $497 million, according to data from CoinGecko. That value has declined over time, with GD Culture carrying an unrealized loss of $344 million, down nearly 41% from its total acquisition price of $841.5 million.
The company got its large bitcoin stock through the acquisition of Pallas Capital Holding. At the time, the move was financed through the issue of 39.18 million shares.
Other companies have also started to divest their bitcoin holdings. Earlier this week, Bitdeer sold all of its BTC to fund a move to AI data centers, while Riot Platforms reduced its BTC balance late last year.
GDC shares are up 7% on Wednesday along with a modest bounce in the bitcoin price to above $67,000. They remain down nearly 70% from their September 2025 peak.
