Shares of GD Tradition Group (Nasdaq: GDC) surged almost 15% Wednesday after the corporate’s board authorised the sale of its 7,500 bitcoin holdings, presently valued at roughly $510 million, greater than double the agency’s $210 million market capitalization.
Shares have since fallen a bit and are buying and selling up 10% on the day.
The board said proceeds from the sale would fund a beforehand introduced $100 million share repurchase program disclosed on Feb. 18.
This system is predicted to be executed over the subsequent six months, with administration retaining flexibility to promote bitcoin in a number of transactions as market situations dictate. The corporate emphasised it’s beneath no obligation to promote a certain quantity and might alter or droop the plan at any time.
The choice highlights a putting valuation hole: GD Tradition’s bitcoin alone exceeds its whole fairness worth. Its market cap-to-net asset worth ratio (mNAV) sits round 0.5, among the many lowest for company bitcoin holders. The corporate’s inventory has misplaced about two-thirds of its worth since final 12 months, largely monitoring bitcoin’s decline from file highs above $126,000.
Nevada-based GD Tradition operates by way of subsidiaries AI Catalysis and Shanghai Xianzhui Know-how Co., specializing in AI-driven digital human know-how and live-streaming e-commerce. With 7,500 BTC on its stability sheet, the corporate ranks among the many 15 largest company bitcoin treasuries.
GD Tradition acquired its bitcoin stash following the 2025 buy of Pallas Capital Holding, which was partly financed by way of the issuance of 39.18 million shares. Earlier in 2025, the corporate offered as much as $300 million in inventory to fund a broader crypto treasury technique, which included purchases of bitcoin and the TRUMP memecoin.
The corporate reported web revenue of $9.6 million for the 9 months ended Sept. 30, 2025, a turnaround from a $14.1 million loss in 2024. Regardless of the optimistic earnings, GD Tradition’s shares stay beneath strain amid bitcoin’s broader sell-off.
Firms are promoting bitcoin
Different company bitcoin holders have additionally adjusted their treasuries just lately. Bitdeer sold its total BTC reserve to fund AI knowledge heart growth, whereas Riot Platforms decreased its holdings late final 12 months.
GDC shares had been buying and selling up about 10% to $3.70 at publication time, reflecting a modest rebound within the value of bitcoin to close $69,000.
Different crypto‑uncovered shares are rallying immediately as properly in tandem with Bitcoin’s rebound. Coinbase (COIN) surged over 13%, Technique (MSTR) over 8%, and Robinhood (HOOD) over 6%.
