GD Culture Group

GD Culture Group Limited

Treasury Qualification

Treasury classificationOperating Company with BTC Treasury

Qualification tierCore Directory

Directory statusIncluded

Ownership statusJune 30 long-term reserve remains 7,500 BTC through wholly owned Pallas; count once within GDC. The separate approximately 1.08 BTC trading position was disposed of, so total reported BTC is 7,500 and the old trading-component value is zero. The historical no-disposal statement applied to Q1 only. A going-private proposal does not establish completed privatization.

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

Last verified attributable BTC7,500 BTC

Balance dateJune 30, 2026

Estimated value$598,027,500BTC price retrieved: October 27, 2026 at 09:10 UTC

Average purchase priceNot disclosed

Included in totals

Verified at the stated balance date

Ownership and Restrictions

Component figures are shown only when separately disclosed and may overlap; they are not additive. Components refer to the eligible balance date unless dated otherwise in research notes. “Not separately disclosed” does not imply zero.

Total BTC reported7,500

Unencumbered / unrestricted7,500

Pledged as collateral0

Loaned to third parties0

Subsidiary-owned7,500

Other restricted owned BTC0

Latest Financial Results

Reporting period: Three months ended June 30, 2026

Revenue$0

Operating income/loss$-2,849,954

Net income/loss$-52,158,049

Cash$7,219,580

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. Local refresh methodology note — September 29, 2026 (approved Batch 2 and subsequent manifest refinements; not a blanket verification date): June 30 long-term reserve remains 7,500 BTC through wholly owned Pallas; count once within GDC. The separate approximately 1.08 BTC trading position was disposed of, so total reported BTC is 7,500 and the old trading-component value is zero. The historical no-disposal statement applied to Q1 only. A going-private proposal does not establish completed privatization. Financial mapping: USD. Revenue zero is explicitly reported as a no-revenue condition, not a standalone statement line. Net result: "NET LOSS", consolidated. Financial source publication/filing date: August 14, 2026. Source: https://gdculture.gcs-web.com/node/8501/html. Holdings evidence: https://gdculture.gcs-web.com/node/8501/html.