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Court Approves Genesis Sale Of $1.3 Billion Worth Of GBTC Shares
Summary: According to Bloomberg, the court approved Genesis’ sale of a $1.3 billion share of GBTC. In February, Genesis Global Capital, a Digital Currency Group subsidiary, filed a new motion with the U.S. Bankruptcy Court for the Southern District of New York, seeking authorization to sell approximately $1.6 billion in Grayscale Trust assets. According to the ...
According to Bloomberg, the court approved Genesis’ sale of a $1.3 billion share of GBTC.
In February, Genesis Global Capital, a Digital Currency Group subsidiary, filed a new motion with the U.S. Bankruptcy Court for the Southern District of New York, seeking authorization to sell approximately $1.6 billion in Grayscale Trust assets.
According to the file, assets held by Genesis include GBTC shares worth approximately $1.4 billion, Grayscale Ethereum Trust Fund (ETHE) worth approximately $165 million, and Grayscale Ethereum Classic Trust (ETCG) worth approximately $38 million.
Tags: GBTC,Genesis,Grayscale
Link: Court Approves Genesis Sale Of $1.3 Billion Worth Of GBTC Shares [Copy]
