Crypto conglomerate Digital Currency Group reportedly has been selling shares in several crypto trusts at a deep discount, as it strives to raise money to...
Bitcoin and ether dipped Tuesday, as crypto conglomerate Digital Currency Group reportedly has been selling shares in several crypto trusts at a deep discount, as it strives to raise money to repay creditors of its bankrupt lending arm Genesis.
The largest cryptocurrency BTCUSD dipped 0.7% Tuesday to around $22,911, after recovering 38% so far this year, according to CoinDesk data. Ether ETHUSD dropped 1.4% to around $1,631 but is 36% year-to-date. DCG has sold about a quarter of its shares in the Grayscale ethereum trust ETHE to raise as much as $22 million in several trades since January 24, according to the FT report citing U.S. securities filings.
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