DCG

Genesis Acquires Over 32,000 BTC After Offloading GBTC Shares

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Genesis Acquires Over 32,000 BTC After Offloading GBTC Shares

[ad_1] Embattled crypto lender Genesis Global Capital has continued to ramp up efforts to pay up creditors after filing for bankruptcy protection in January 2023. As part of these efforts, Genesis has now reportedly sold off the entirety of its Grayscale GBTC holdings to acquire a substantial amount of Bitcoin in order to implement its … Read more

DCG's Barry Silbert Pitched Genesis-Gemini Merger in a Drastic Bid to Save the Lender in 2022

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DCG's Barry Silbert Pitched Genesis-Gemini Merger in a Drastic Bid to Save the Lender in 2022

[ad_1] In an email from Oct. 20, 2022, Silbert described a lunch meeting with Winklevoss where he discussed the challenges facing Genesis and, by extension, the Gemini Earn platform, which operated in conjunction with the DCG-owned lender. Silbert suggested a merger of the two firms, which could later lead to the merged companies going public. … Read more