The transaction hasn’t closed yet, but GD Culture Group’s board has formally greenlit the liquidation of its 7,500 bitcoin reserve. The company said the move is designed to “fund its previously announced share repurchase program.”
Once the coins are off the books, GD Culture will find itself in the company of ETHzilla, Bitdeer, and Sequans Communications, each of which has parted with some or all of their digital asset holdings.
By mid-afternoon, GD Culture’s shares (GDC) had climbed more than 14%, though zoom out a month, and the stock is still nursing a 15% loss. Meanwhile, the firm’s market cap-to-net asset value ratio (mNAV) sits at a lean 0.5%, far from comfortable territory.
In plain terms, the company’s total market cap — its share price multiplied by outstanding GDC shares — amounts to just half the value of its core bitcoin stash. On the leaderboard charts, GD Culture ranked as the 15th largest publicly traded bitcoin holder, perched above Galaxy Digital and just below Block Inc.
Should the sale go through, the firm would vanish from the bitcoin treasuries map entirely. The board’s approval arrives as bitcoin prices have trended lower since 2026 began, and no one can say with confidence how long the current bear phase will linger.
That uncertainty has fueled concern that persistently weak BTC prices could trigger a cascading sell-off among DAT firms unable to shoulder the strain. Whether this is prudent capital management or quiet capitulation depends on what happens next, but the message is hard to ignore: when bitcoin treasuries start trimming holdings to defend their balance sheets, conviction is no longer theoretical — it is tested in real time.
If prices remain subdued, more DAT firms may face the same uncomfortable arithmetic, where loyalty to BTC collides with shareholder pressure and cold, unforgiving spreadsheets.
- Why is GD Culture selling 7,500 BTC? The company plans to use the proceeds to fund its previously announced share repurchase program.
- How much bitcoin does GD Culture currently hold? GD Culture holds 7,500 BTC, ranking it 15th among publicly traded bitcoin treasury firms at press time.
- What happens if GD Culture completes the bitcoin sale? If the full amount is sold, the company will likely fall off the public bitcoin treasury leaderboard.
- How are bitcoin prices affecting digital asset treasury (DAT) firms? Prolonged lower BTC prices are increasing pressure on DAT companies to manage balance sheet risk and liquidity.
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