Shares of GD Tradition Group (Nasdaq: GDC) surged practically 15% Wednesday after the corporate’s board permitted the sale of its 7,500 bitcoin holdings, at present 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 mentioned 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 circumstances dictate. The corporate emphasised it’s beneath no obligation to promote a certain amount and may alter or droop the plan at any time.
The choice highlights a hanging valuation hole: GD Tradition’s bitcoin alone exceeds its complete 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 yr, largely monitoring bitcoin’s decline from report highs above $126,000.
Nevada-based GD Tradition operates via subsidiaries AI Catalysis and Shanghai Xianzhui Expertise Co., specializing in AI-driven digital human expertise 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 via 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 internet earnings 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 constructive earnings, GD Tradition’s shares stay beneath strain amid bitcoin’s broader sell-off.
Companies are promoting bitcoin
Different company bitcoin holders have additionally adjusted their treasuries lately. Bitdeer offered its complete BTC reserve to fund AI information middle enlargement, whereas Riot Platforms lowered its holdings late final yr.
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 right now as nicely in tandem with Bitcoin’s rebound. Coinbase (COIN) surged over 13%, Technique (MSTR) over 8%, and Robinhood (HOOD) over 6%.