GD Culture Group

GD Culture Group Limited

Treasury Qualification

Treasury classificationOperating Company with BTC Treasury

Qualification tierCore Directory

Directory statusIncluded

Ownership statusCompany-attributable Bitcoin held through Pallas Capital Holding Ltd., a wholly owned subsidiary of GD Culture Group. Pallas held 7,500 BTC as a long-term reserve at March 31, 2026. A separate approximately 1.08 BTC position classified as a current asset for short-term trading is excluded from the directory amount.

Strategic intent

GD Culture Group holds Bitcoin primarily for investment and treasury purposes rather than for use in ordinary operations. Its wholly owned subsidiary Pallas Capital Holding Ltd. was established specifically to hold digital assets as a long-term reserve, and the company has separately announced a broader crypto-asset treasury strategy.

Bitcoin Treasury

BTC counted in directory7,500 BTC

Estimated value$478,297,500BTC price retrieved: July 28, 2026 at 19:59 UTC

Holdings as ofMarch 31, 2026

Average purchase priceNot disclosed

Ownership and Restrictions

Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.

Total BTC reported7,501

Unencumbered / unrestricted7,500

Pledged as collateral0

Loaned to third parties0

Subsidiary-owned7,500

Other restricted / receivable1

Latest Financial Results

Reporting period: Three months ended March 31, 2026

Revenue$0

Operating income/loss$-1,649,804

Net income/loss$-164,065,993

Cash$16,805

Management

Chief executive officer: Xiaojian Wang
Chief financial officer: Zihao Zhao
Executive chair: Xiaojian Wang

Research Notes

GD Culture Group reported 7,500 BTC held through wholly owned subsidiary Pallas Capital Holding Ltd. as of March 31, 2026. Pallas was established for the primary purpose of holding digital assets as a long-term reserve, and the company classifies the 7,500 BTC as non-current assets held for investment and treasury purposes. During the first quarter, GD Culture separately purchased approximately 1.08 BTC for short-term trading and classified it as a current asset; that amount is excluded from the verified attributable treasury total. The filing reported no disposal of digital assets during the quarter and did not identify any pledge, loan, or material restriction on the 7,500-BTC reserve. At March 31, 2026, the company reported cash of $16,805, total assets of $506.708 million, and total liabilities of $2.630 million. First-quarter operating loss was $1.650 million and net loss was $164.066 million, driven primarily by an unrealized fair-value loss on Bitcoin.