GD Culture Group Receives Approval to Sell Bitcoin for $100M Buyback Program

GD Culture Group has been authorized to sell Bitcoin from its 7,500-BTC reserve to fund a $100 million share repurchase program. The board's approval provides flexibility, with management deciding on timing, size, and sale methods. The move aims to address a market-to-NAV discount and has been seen as a shift towards active treasury management. Shares of GDC rose nearly 15% after the announcement.