GD Culture Group Shares Rise on Board-Approved Bitcoin Sale

Shares in GD Culture Group have increased by 9% to $3.62 following an announcement from the company's board of directors. The board has authorized the sale, exchange or other disposition of 7,500 bitcoins from its reserve to fund a previously announced share repurchase program.

The program aims to buy back up to $100 million worth of shares within the next six months, ending on August 17th. The authorization allows management to execute the bitcoin sales in one or more transactions as deemed necessary for the company's and shareholders' best interests.