GD Culture Group Acquires Pallas Capital Along with 7500 BTC

American company GD Culture Group Limited (GDC) has entered into a share exchange agreement with Pallas Capital. According to the agreement, GDC will receive 100% of the issued and outstanding shares of the partner.

Upon closing the deal, GDC will issue over 39 million new common shares and acquire all assets of Pallas Capital, including 7500 BTC.

Most shareholders have already supported the issuance of new shares. The company emphasized that this acquisition aligns with its long-term strategy of building a crypto reserve with a focus on Bitcoin.

The press release states that through this deal, GDC aims to strengthen its reserve portfolio and establish a stronger position in the decentralized finance ecosystem.

The company’s Chairman and CEO, Xiaojian Wang, stated:

“The acquisition of Pallas Capital and its 7500 BTC is an important step towards building a strong, diversified crypto reserve. We believe that such a strategy will provide not only stability but also growth potential for GDC.”