GD Culture Set to Acquire Pallas Capital Assets, Adding 7,500 BTC to Treasury

Nasdaq-listed GD Culture Group Limited (GDC) announced a transformative share exchange agreement to acquire Pallas Capital Holding Ltd., incorporating 7,500 Bitcoin (BTC), valued at approximately $879 million at $117,200 per BTC, into its long-term digital asset reserve. The deal, involving 39.2 million newly issued GDC shares, positions GDC among the top 15 publicly traded Bitcoin holders, per BitcoinTreasuries. Despite a 28% stock drop to $6.99 on September 17, shares later recovered 3.7% in after-hours trading.

GDC’s CEO, Xiaojian Wang, emphasized the acquisition’s role in bolstering the company’s crypto treasury strategy, stating, “This move strengthens our balance sheet and capitalizes on Bitcoin’s growing institutional adoption.” The deal, approved by majority shareholders under Nevada Revised Statutes and Nasdaq rules, aligns with GDC’s focus on blockchain and decentralized finance (DeFi) through its subsidiaries, including AI Catalysis.

The acquisition reflects a broader 2025 trend, with over 190 public companies holding $112.8 billion in Bitcoin, though investor concerns about share dilution and speculative exposure triggered the initial sell-off. Analysts suggest Federal Reserve rate cuts could boost BTC prices, potentially benefiting GDC’s treasury. Social media sentiment on platforms like Stocktwits remains bullish, with users praising GDC’s strategic pivot.

By integrating Pallas Capital’s assets, GDC aims to enhance shareholder value and solidify its presence in the expanding DeFi ecosystem. The company plans to explore further blockchain opportunities, positioning itself for long-term growth in the volatile crypto market.