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U.S. Stock Listed Company GDC to Liquidate 7,500 Bitcoin Reserves
U.S. publicly traded company GD Culture (GDC) announced that the company's board of directors has approved the sale of its 7,500 Bitcoin reserves. The proceeds from this sale will be specifically used to support the company's previously announced stock repurchase plan dated February 18, 2026.
The company's management will independently decide the specific timing and amount of the sale based on maximizing the interests of the company and its shareholders. The funds will be used to repurchase the company's common stock and cover related expenses.