Genesis Used GBTC Share Proceeds To Buy 32,041 Bitcoin
By Yun Park · April 5, 2024, 8:23 PM EDT
Cryptocurrency lender Genesis Global Holdco said it had fully monetized its Grayscale Bitcoin Trust shares and used the proceeds to purchase 32,041 bitcoin that will be distributed to its customers....
Cryptocurrency lending platform Genesis Global Holdco LLC filed for Chapter 11 bankruptcy in January 2023 with $5.1 billion, after huge players in the digital asset space fell into Chapter 11, including exchange FTX Trading Ltd. and lending platform Celsius Networks.
Case Number
23-bk-10063
Judge
Sean H. Lane
Venue
U.S. Bankruptcy Court for the Southern District of New York