ChainCatcher News: Nasdaq-listed company GD Culture announced that its board of directors has authorized the sale, exchange, or disposal of its current reserve of 7,500 Bitcoins to fund the previously announced share repurchase program.
It is reported that these Bitcoin sales will be conducted in multiple transactions, with management executing them flexibly based on the best interests of the company and shareholders. The proceeds from the Bitcoin sales will be used to repurchase the company’s common stock and cover related expenses, including brokerage commissions, fees, and taxes.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A long-term arbitrage whale has shifted to a bearish outlook, with total short position holdings reaching $34.9 million.
Recently, the holding structure of the 0xcac whale address has undergone a significant shift, turning towards unidirectional long positions on shorts. Currently, the spot holdings of BTC and ETH amount to approximately $11 million, with short positions reaching $34.9 million. Among the main positions, 20x BTC shorts have an unrealized profit of 548%, and 20x ETH shorts have an unrealized profit of 1886%.
GateNews4m ago
Bhutan Moves $11.85M in Bitcoin From Sovereign Wallets as On-Chain Data Flags New Transfer
Bhutan moves 175 Bitcoin worth about $11.85 million from its sovereign wallets as blockchain data tracks ongoing treasury activity.
Bhutan remains one of the largest nation state Bitcoin holders with about 5,400 BTC despite periodic transfers and sales.
Bhutan built its Bitcoin reserves t
CryptoNewsLand44m ago
Crypto Market Jumps to $2.38T As Bitcoin ($BTC) Nears $70K
The crypto market has seen significant growth, with total market capitalization rising by 2.20% to $2.38T and trading volume increasing by 24.25% to $106.43B. Bitcoin and Ethereum experienced notable price gains, while several altcoins soared dramatically. Crypto DeFi TVL and NFT sales volume also surged, indicating robust sector activity. Additionally, Nvidia is launching an open-source AI agent, and retrial demands have arisen for Tornado Cash's co-founder.
BlockChainReporter52m ago
Capital B Vice CEO: The most important assets in the next 10 years will be BTC, gold, and MicroStrategy
Gate News Announcement, March 10 — Capital B Vice CEO Alexandre Laizet posted on the X platform stating that MicroStrategy's perpetual preferred stock product Stretch (STRC) is a Bitcoin accumulation tool. He mentioned that over the next 10 years, the most important assets in the world will be BTC, gold, and
GateNews53m ago
