
GD Culture's $875M Bitcoin Acquisition Leads to 28% Share Drop
GD Culture Group's acquisition of 7,500 Bitcoin for $875 million has resulted in a 28% drop in its shares, raising investor concerns about the volatility of cryptocurrencies. The deal, made with Pallas Capital Holding, reflects the company's strategy to expand its digital asset portfolio but highlights the risks associated with such large investments in the unpredictable crypto market.

GD Culture's $875M Bitcoin Acquisition Leads to 28% Share Drop
GD Culture Group's acquisition of 7,500 Bitcoin for $875 million has resulted in a 28% drop in its shares, raising investor concerns about the volatility of cryptocurrencies. The deal, made with Pallas Capital Holding, reflects the company's strategy to expand its digital asset portfolio but highlights the risks associated with such large investments in the unpredictable crypto market.
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