Cryptocurrency Q&A Did Genesis Global sell $1.6 billion in grayscale cryptocurrency trust shares?

Did Genesis Global sell $1.6 billion in grayscale cryptocurrency trust shares?

Dario Dario Mon Jan 13 2025 | 6 answers 1518
I heard that Genesis Global might have sold a large amount of grayscale cryptocurrency trust shares, specifically worth $1.6 billion. I'm curious to know if this rumor is true. Did Genesis Global sell $1.6 billion in grayscale cryptocurrency trust shares?

6 answers

Enrico Enrico Wed Jan 15 2025
This move is part of Genesis Global's broader strategy to liquidate assets and raise funds to satisfy its outstanding debts.

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NebulaChaser NebulaChaser Wed Jan 15 2025
The permission granted by the court represents a positive step forward for Genesis Global, which has been struggling to navigate the complex landscape of crypto lending and bankruptcy.

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Sara Sara Wed Jan 15 2025
With the sale of these Grayscale shares, Genesis Global hopes to make meaningful progress in repaying its creditors and moving towards a resolution of its financial difficulties.

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DigitalDynastyQueen DigitalDynastyQueen Wed Jan 15 2025
Genesis Global, a crypto lender that has declared bankruptcy, secured a significant development in its efforts to repay creditors.

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GyeongjuGloryDays GyeongjuGloryDays Wed Jan 15 2025
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts and investors.

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