GD Culture Shares Rise After Board Authorizes Sale of Bitcoin for Buyback Plan
By Chris Wack
GD Culture Group shares were 9% higher, at $3.62, after the company said its board of directors has authorized the sale, exchange or other disposition of bitcoin from its 7,500 bitcoin reserve to fund its previously announced share repurchase program.
On Feb. 18, the company said its board authorized a buyback of up to $100 million worth of its shares within the next six months, ending Aug. 17.
The board's authorization allows the company to execute the bitcoin sales in one or more transactions,
By Chris Wack
GD Culture Group shares were 9% higher, at $3.62, after the company said its board of directors has authorized the sale, exchange or other disposition of bitcoin from its 7,500 bitcoin reserve to fund its previously announced share repurchase program.
On Feb. 18, the company said its board authorized a buyback of up to $100 million worth of its shares within the next six months, ending Aug. 17.
The board's authorization allows the company to execute the bitcoin sales in one or more transactions,
2 months ago
