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coinpedia 2024-02-15 05:24:50

Genesis Cleared by Court to Sell GBTC Shares Worth $1.3 Billion

The post Genesis Cleared by Court to Sell GBTC Shares Worth $1.3 Billion appeared first on Coinpedia Fintech News According to Bloomberg, Genesis Global Holdco LLC, a Digital Currency Group (DCG) subsidiary, has received authorization from a bankruptcy court to liquidate approximately 35 million shares in Grayscale’s GBTC fund, amounting to a staggering value of over $1.3 billion. This significant move follows a ruling by Judge Sean Lane, who granted Genesis the flexibility to …

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