[GD Culture Group Holds 7,500 BTC with an Unrealized Loss of $211.8 Million, Equity Diluted 18x]
According to CryptoSlate, Nasdaq-listed company GD Culture Group disclosed that as of June 30, it held 7,500 BTC with an original cost of $842 million. The fair value has dropped to $451.2 million, resulting in an unrealized non-cash loss of $211.8 million, accounting for 97.9% of the $216.2 million net loss in the first half of the year. GD Culture Group has maintained liquidity through large-scale equity financing, with the number of outstanding shares increasing from 229,000 to 4.1625 million, a growth of 18x. GD Culture Group raised a total of $47.5 million, with operating capital on the books amounting to $36.6 million as of June 30.
