GD Culture Group Limited (GDC) said on Tuesday that it entered into a share exchange deal to buy all shares of Pallas Capital Holding Ltd., a British Virgin Islands-registered company.
The Group will issue 39.189 million shares and acquire all of Pallas Capitals' assets, including 7,500 Bitcoin, free and clear of any encumbrances.
Xiaojian Wang, CEO of GD Culture Group, said: "The acquisition of Pallas Capital marks a significant advancement in GDCs digital asset treasury strategy. It directly supports our initiative to build a strong and diversified crypto asset reserve by acquiring scalable, high-value digital assets."
Post transaction, GDC aims to boost its reserve portfolio and establish a stronger presence in the expanding decentralized finance ecosystem.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.