Nasdaq-listed GD Culture Group has announced plans to sell up to $300 million worth of shares, with the primary goal of using the proceeds to acquire Bitcoin.
This bold move signals the company’s growing interest in digital assets and positions it among a growing list of publicly traded firms embracing Bitcoin as a treasury asset.
GD Culture Group May Sell Shares Based on Market Conditions
In a recent filing with the U.S. Securities and Exchange Commission (SEC), GD Culture Group stated that it may offer and sell its shares from time to time, depending on market conditions.
The proceeds from the offering will be used “principally for the acquisition of Bitcoin,” though the company may also allocate funds toward general corporate purposes and potential investments.
This strategic shift underscores Bitcoin’s increasing role as a hedge against inflation and a store of value, especially among traditional financial players.
By directly linking capital markets activity with cryptocurrency investment, GD Culture Group is signaling confidence in Bitcoin’s long-term potential.
GDC Follows MicroStrategy, Tesla in Adding Bitcoin to Treasury
The move follows similar strategies from major companies like MicroStrategy and Tesla, which have allocated significant portions of their balance sheets to BTC.
If fully executed, the $300 million share sale could mark one of the larger institutional Bitcoin purchases by a publicly listed company.
Mr. Xiaojian Wang, Chairman and Chief Executive Officer of the Company, commented: “GDC’s adoption of crypto assets as treasury reserve holdings is a deliberate strategy that reflects both current industry trends and our unique strengths in digital technologies and the livestreaming e-commerce ecosystem.”
They add, “Our substantial partnership with the Investor provides strong momentum for this initiative, reinforcing our leadership in pursuing growth opportunities and embracing blockchain-driven industrial transformation. We believe our forward-looking strategy will further strengthen our financial foundation and drive long-term value creation for our shareholders as decentralized finance continues to evolve.”
GDC to Allocate Share Sale Proceeds to Long-Term Crypto Holdings
Under this initiative, GD Culture Group (GDC) plans to allocate a significant portion of proceeds from its share sale facility toward the acquisition and long-term holding of crypto assets, subject to certain limitations.
The company views this as a strategic treasury move, signaling its strong belief in the future of digital finance and blockchain technology.
By integrating crypto assets into its core treasury operations, GDC aims to align itself with the broader decentralization movement transforming global finance.
This approach is designed to strengthen GDC’s balance sheet by incorporating high-performance, scalable digital assets, such as Bitcoin. The company also sees this move as a way to position itself within the growing decentralized finance (DeFi) ecosystem.
As DeFi continues to reshape traditional financial structures, GDC’s crypto-focused treasury strategy reflects a forward-looking mindset and a commitment to innovation in capital management and long-term value creation for shareholders.
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