GDC Secures 7,500 Bitcoin Via $39.2M Share Exchange Deal
GD Culture Group to acquire Pallas Capital for about 39.2 million shares, gaining 7,500 BTC as part of its crypto-treasury strategy, while pursuing a $300M equity raise.
Abstract: GD Culture Group Ltd, a Nasdaq-listed company, announced on September 16 a share-exchange to acquire all Pallas Capital Holdings Ltd, issuing about 39.2 million shares for the assets, including 7,500 BTC free and clear. The acquisition advances GD Culture's crypto-treasury strategy as it pursues a separate $300 million equity raise to fund digital-asset acquisitions, despite quarterly losses and volatile trading activity.
TodayqNews·05-07 10:37

