Genesis Converts GBTC Shares into Bitcoin: Acquires 32,000 BTC in Major Move

Genesis Converts GBTC Shares into Bitcoin: Acquires 32,000 BTC in Major Move

Last updated: April 6, 2024 11:00 EDT | 2 min read Bankrupt crypto lending firm Genesis has converted approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) into Bitcoin as part of preparations to settle its debts with creditors.  According to a recent report by Bloomberg, the company liquidated the GBTC shares on April 2, at […]

Genesis Converts GBTC Shares into Bitcoin: Acquires 32,000 BTC in Major Move Read More »