<a href="https://laohu8.com/S/CCNCW">GD Culture</a> Group Ltd. Enhances Shareholder Value with Acquisition of Pallas Capital, Gaining 7,500 Bitcoin
GD Culture Group Ltd. ("GDC") has issued an update on its acquisition of Pallas Capital Holding Ltd. GDC has entered into a definitive share exchange agreement to acquire 100% of Pallas Capital's outstanding shares, resulting in the issuance of 39,189,344 new shares of GDC common stock. As part of this transaction, GDC will receive 7,500 Bitcoin, valued at approximately $876.8 million based on the current Bitcoin price of $116,900. This acquisition enhances GDC's digital asset reserves, positioning the company among the top 15 publicly traded firms with substantial Bitcoin holdings. Xiaojian Wang, GDC's Chairman and CEO, noted the transaction significantly strengthens the company's balance sheet and expressed intentions to explore further blockchain and DeFi opportunities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GD Culture Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-090139), on September 22, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.