News linked to both this project and an event.
According to CryptoSlate, Nasdaq-listed company GD Culture Group disclosed in its first-half 2026 financial report that the fair value of its 7,500 BTC holdings (original cost $842 million) declined to $451.2 million as of June 30, resulting in a $211.8 million non-cash unrealized loss, accounting for 97.9% of the company's net loss of $216.2 million for the first half of the year. Notably, the company did not sell its core BTC reserves but maintained liquidity through large-scale equity financing—after adjusting for a 1:250 reverse stock split, the number of outstanding shares surged from 229,000 at the beginning of the year to 4.1625 million, an 18-fold increase, with 99.65% issued for cash. The company raised approximately $47.5 million through ATM offerings and private placements combined, with working capital of $36.6 million as of June 30. Management stated that existing liquidity is sufficient to cover operating obligations for at least the next 12 months.
According to CryptoSlate, South Korean Bitcoin treasury company Bitplanet has signed a strategic memorandum of understanding with Nasdaq-listed company Antalpha and related partners, planning to introduce 15 billion KRW worth of Bitcoin mining equipment and launch full operations within the month. This move signifies that Bitplanet is shifting from a reserve model of simply purchasing Bitcoin through financing to continuously generating Bitcoin revenue through mining.