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Genesis' strategic BTC move is to repay crditors. The trade quickly yielded an $80 million profit
In a significant move, the bankrupt crypto lending company Genesis liquidated around 36 million Grayscale Bitcoin Trust (GBTC) shares to acquire Bitcoin. This strategic sale, valued at $2.1 billion, is part of Genesis' efforts to settle its debts with creditors.
April 6, 2024 07:10 AM