GD Culture to Liquidate Bitcoin Holdings for Share Repurchase
GD Culture plans to liquidate its holdings of 7,500 Bitcoin to repurchase shares, according to reports. This decision follows a significant discount in the company's market cap-to-net asset value ratio (mNAV), which is reportedly around 0.5. The company's mNAV is among the lowest among corporate Bitcoin holders, according to the report. The share repurchase program aims to address this undervaluation, according to the report.
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