GD Culture Group Announces Board Authorization to Sell Bitcoin to Fund Share Repurchase Program

GD Culture Group has announced that its board of directors has authorized the sale of Bitcoin from its 7,500 Bitcoin reserve to fund its share repurchase program. The proceeds will be used to repurchase the company's common stocks and cover related expenses. The program is expected to fund the repurchases and related expenses, and the company is under no obligation to complete any particular amount of Bitcoin sales. The company's main businesses include AI-driven digital human technology and live-streaming e-commerce business.