Genesis’s $4.2B Move: Bitcoin Buys & GBTC Sales Amid Debt
Quick Look: Genesis acquires 32,041 Bitcoins for $2.1 billion, aimed at debt settlement. Sold 36 million GBTC shares for $2.1 billion, enhancing liquidity. Opposition from DCG in bankruptcy proceedings highlights plan complexities. Strategic moves align with the upcoming Bitcoin halving event on April 19. Efforts are part of a broader strategy to revitalize financial standing …
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