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US publicly traded company GD Culture board approves the sale of 7,500 Bitcoins
BTC5.46%
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.
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Data: In the past 24 hours, the entire network has been liquidated by $341 million, mainly short positions.
GateNewsBot10m ago
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