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Cryptoknowmics 2024-04-06 06:39:11

Genesis Sells GBTC Shares for Bitcoin Amid Bankruptcy Preparations

As part of its bankruptcy preparations, Genesis, a bankrupt crypto lending firm, has reportedly sold approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) to acquire additional Bitcoin. Genesis’s Strategy The move comes as Genesis seeks to settle its debts with creditors. Liquidating the GBTC shares on April 2, Genesis garnered around $2.1 billion, enabling … Continue reading "Genesis Sells GBTC Shares for Bitcoin Amid Bankruptcy Preparations" The post Genesis Sells GBTC Shares for Bitcoin Amid Bankruptcy Preparations appeared first on Cryptoknowmics-Crypto News and Media Platform .

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