Genesis purchased 32,041 bitcoins to repay customers after sel | Crypto Calendar News
Genesis purchased 32,041 bitcoins to repay customers after selling GBTC shares: Bloomberg
Genesis purchased 32,041 bitcoins using the proceeds from the completed sale of nearly 36 million Grayscale Bitcoin Trust shares. A New York bankruptcy court granted Genesis permission to sell the GBTC shares — in addition to shares in Grayscale Ethereum trusts — on Feb. 14. When the bankrupt crypto lender applied for said permission, its GBTC shares were valued at nearly $1.4 billion, and its Grayscale Ethereum Trust shares were valued at $165 million. (Its Grayscale Ethereum Classic Trust shares were valued at $38 million.)
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