Low-valent antimony and bismuth have emerged as novel platforms for achieving reversible small-molecule activation at main-group metals. Although various examples of oxidative addition reactions at monomeric Sb(I) and Bi(I) have been reported, the chemistry of the heavy group 15 Sb(I)═Sb(I)/Bi(I)═Bi(I) double bonds toward small molecules remains largely unexplored. In this study, we present a straightforward synthesis of distibene and dibismuthene dications coordinated with a neutral carbodiphosphorane (CDP) ligand. The nonbonding interactions between the occupied p-orbital at the CDP ligand and the π-bonding orbital of the Sb═Sb/Bi═Bi bonds yield compounds with exceptionally small HOMO-LUMO gaps. In addition, the reduction of steric hindrance compared to known neutral derivatives stabilized with bulky aryl groups allows for better accessibility of the double bonds. This high reactivity is demonstrated in the oxidative addition of distibene to diphenyldisulfide as well as in [2+2] cycloadditions to alkynes. Additionally, the Sb═Sb bond reversibly adds to 2,3-dimethylbutadiene in a [4+2] cycloaddition reaction.