Nasdaq-listed company GDC announced that its board has authorized the sale of 7,500 BTC reserves to buy back company shares. But unlike DAT, a company whose stock price plummeted due to Bitcoin's drop, GDC's stock price is currently $3, down from a peak of $9 last year. When it went public five years ago, the opening price was $210. Plus, they only started buying BTC last year, so even without holding BTC, their stock price would still have dropped—can’t blame BTC for that. So why sell? Because the company’s current market cap is $190 million, but the BTC they hold is worth a whopping $500 million