GD Culture Group Limited announces agreement to acquire Pallas Capital, including 7,500 Bitcoin, through a share exchange deal.
The acquisition is valued at 39,189,344 common stock shares of GDC.
This strategic move aims to strengthen GDC's presence in the digital asset space and expand its crypto asset reserves.
Acquisition Details
GDC to acquire 100% of Pallas Capital's assets, including 7,500 Bitcoin, in exchange for 39,189,344 common stock shares.
Strategic Impact
Enhances GDC's crypto asset treasury strategy, positioning the company for growth in the decentralized finance ecosystem.
CEO's Vision
Mr. Xiaojian Wang emphasizes the significance of the acquisition in building a diversified crypto asset reserve.
- The acquisition of Pallas Capital's assets, particularly 7,500 Bitcoin, is a strategic leap forward for GDC in the digital asset landscape.
- GDC's focus on establishing long-term Bitcoin reserves showcases its commitment to capitalizing on the evolving role of digital assets.
By acquiring Pallas Capital and its substantial Bitcoin holdings, GDC is setting the stage for a stronger foothold in the digital asset ecosystem, aligning with its vision of growth and value creation for shareholders.