GD Culture Group, a Nasdaq-listed digital media and technology company, reported a $211.8 million first-half unrealized Bitcoin loss on its holdings, while its split-adjusted share count rose to more than 18 times its year-end level.
According to the company's Aug. 14 quarterly filing, GD Culture held 7,500 BTC with an original cost of $842 million. As of June 30, the fair value of that holding had fallen to $451.2 million.
The Bitcoin loss accounted for about 97.9% of GD Culture's $216.2 million net loss for the first six months of 2026. The charge reflects fair-value accounting as Bitcoin prices changed and did not represent a cash outflow or a sale of the company's core reserve.
