Gate News: According to the latest Gate TradFi data, GD (General Dynamics) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News bot message, according to the official Gate announcement on March 3, 2026 The Gate Contract Stock Zone will launch RTX (雷神), GD (General Dynamics), NOC (Northrop Grumman), BA (Boeing), TSM (Taiwan Semiconductor Manufacturing Company), WMT (Walmart), COST (Costco) perpetual contracts for live trading at 12:00 (UTC+8) on March 3, 2026. Settled in USDT, supporting 1-20x long and short positions. Among them, RTX is a top global aerospace and defense conglomerate; GD is an integrated land, sea, air, and space defense group known for nuclear submarines, main battle tanks, Gulfstream business jets, and more; NOC is a giant in aerospace and defense technology, with core strengths in stealth fighters and strategic missiles; BA is the world's largest aerospace and defense group; TSM is the largest and most advanced wafer foundry in the world; WMT is the largest global brick-and-mortar retailer; COST is a leading global membership-based warehouse club retailer. Additionally, the Gate Index Zone will launch GER40 (Germany DAX 40 Index) perpetual contracts for live trading at 12:00 (UTC+8) on the same day. Settled in USDT, supporting 1-20x long and short positions. GER40 is a core blue-chip index of the German stock market and one of the most important stock benchmarks in Europe.

GD Culture announces the partial sale of 7,500 Bitcoins to fund a $100 million stock buyback, aiming to stabilize the declining stock price. This move marks the company's shift from aggressive digital asset allocation to defensive capital management. The market is focused on the final amount of Bitcoin sold, the speed of the buyback, and the impact of Bitcoin price trends on decision-making, highlighting the importance of digital asset transformation for shareholder returns.

ChainCatcher Message: Nasdaq-listed company GD Culture announced that its board of directors has authorized the approval to sell, exchange, or dispose of the current holding of 7,500 Bitcoin reserves, aiming to fund the previously announced share repurchase plan. It is reported that these Bitcoin sales will be conducted in multiple transactions, with management executing them flexibly based on the best interests of the company and shareholders. The proceeds from the Bitcoin sales will be used to repurchase the company's common stock and cover related expenses, including brokerage commissions, fees, and taxes.