Digital Currency Group plans to invest up to $250 million in Grayscale Bitcoin Trust
Crypto venture capital giant Digital Currency Group (DCG) has announced its plan to invest up to $250 million in Grayscale Bitcoin Trust (GBTC).
The planned investment means DCG could end up holding GBTC shares worth $250 million.
DCG is the owner of Grayscale, the manager of GBTC, the world’s largest bitcoin investment product that manages more than $35 billion worth of assets.
Since the investment is planned, it does not mean it will be carried out. DCG said several factors would play a role in getting GBTC exposure, including the levels of cash available, price, and prevailing market conditions.
This is a developing story and will be updated…
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Author: Yogita Khatri
