GD Culture Group Ltd, a Nasdaq-listed company, announced on September 16 that on September 10, it entered into a share exchange agreement to acquire 100% of the issued and outstanding ordinary shares of Pallas Capital Holdings Ltd.
The company leading its operations in the United States and China has gathered the spotlight after its aggressive shift towards crypto as part of its “crypto treasury strategy.”
In May this year, the company announced its plan to raise $300 million by selling common shares to a British Virgin Islands-based investor. The net proceeds were primarily used for scooping Bitcoin and Official Trump memecoin.
The press release dated September 16, 2025, notes that GD Culture Group has executed a major share exchange agreement with Pallas Capital.
The company will issue approximately 39.2 million shares of its common stock in exchange for all Pallas Capital assets, including 7,500 BTC. It is noted that Bitcoin holdings are “ Free and clear of any encumbrance.”
Following this development, the company’s Chief Executive Officer and Chairman, Mr. Xiaojian Wang, said, “ This acquisition of Pallas Capital marks significant advancements in GDC’s digital assets treasury strategy. It directly supports our initiative to build a strong and diversified crypto assets reserve by acquiring scalable high-value digital assets.”
An overview of the GD Culture Group stock price
According to the data from TradingView, GD Culture Group Limited’s stock is priced at $6.99 with a loss of 28.16% in the last trading session.
On September 16, it opened trading at $9.91 and hit a low of $6.50; it closed at $6.99. On September 17, pre-market, an uptick of 3.72% was noted, and it is expected to open trading at $7.25.
However, in the last 5 trading sessions, GD Culture Group stock is up by 62.56% followed by 133% growth in a month and 273.80% YTD.
The net income of the company in Q1, 2025, was negative $977.51k, and in Q2, the net income was negative $1.50 million; the market capitalization of the GD Culture Group Limited is $117.40 million.
Market watchers marked $9.36 as GD’s nearest resistance, followed by $12.09 and $16.52; at the same time, its supports are $3.17 and $2.82.
Intraday relative strength index (14) is at 62.91, indicating neutrality, followed by commodity channel index (20) 155.79 neutral, and the awesome oscillator is 3.18.
