Overview
- The authorization permits bitcoin sales in one or more transactions at management’s discretion with no set volume or obligation, and the plan can be modified or halted at any time.
- Proceeds are earmarked for share repurchases and related costs such as brokerage fees and taxes.
- The holdings, obtained via the December 2025 Pallas Capital share‑exchange deal, are valued around $500 million and place GDC among the 15 largest public corporate bitcoin holders.
- GDC shares jumped by double digits following the announcement, though the stock remains well below its September 2025 peak.
- The $100 million buyback announced on Feb. 18 is slated to run over the next six months, and the company has not disclosed any executed bitcoin sales.