Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds

On Feb. 15, Genesis obtained permission from a New York chapter court docket to promote the practically 36 million shares in GBTC, in addition to further shares in two Grayscale Ethereum trusts. On the time of the applying, attorneys for the property valued the Grayscale shares at a collective $1.6 billion – practically $1.4 billion in GBTC, $165 million in Grayscale Ethereum Belief, and $38 million in Grayscale Ethereum Traditional Belief.