GD Culture Group (GDC) announced Wednesday its board has authorized the sale of Bitcoin from its corporate treasury. These funds will be used to support a previously announced share buyback program.
This decision appears to reverse a May 2025 strategy to build a cryptocurrency reserve, which included Bitcoin and Official Trump Coin. The current authorization permits GDC to sell BTC in one or more transactions, without an obligation for any specific amount.
In February, the company outlined a plan to repurchase up to $100 million of its shares over six months. Following Wednesday's announcement, GDC shares rose over 24% to $4.13 by market close.
GDC acquired 7,500 BTC in September 2025 via an $875 million acquisition. At that time, Bitcoin traded between $109,000 and $117,000. The company now ranks as the 15th largest Bitcoin treasury holder, though its BTC investment is down approximately 41%.