Genesis bought 32,041 Bitcoins after selling GBTC shares to repay customers
Mars Finance News, on April 6, according to court documents, bankrupt cryptocurrency lender Genesis bought 32,041 Bitcoins (worth approximately $2.17 billion) to repay customers after selling its GBTC shares. The sale of GBTC shares was completed on April 2. According to previous news, Genesis Trading redeemed more than US$2.1 billion of GBTC shares in the past three weeks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dow Jones Industrial Average gives back Friday's rally on a Boeing delay
ECB rate hike expectations cool down, Lagarde: Rising long-term rates will suppress growth and inflation
Christine Lagarde, President of the European Central Bank, stated that a significant rise in long-term interest rates will slow economic growth and suppress the transmission of energy prices to overall inflation, exceeding the extent forecasted by the ECB in September. She also emphasized that in the absence of signs of second-round effects, the ECB should adopt "moderate response measures" to control inflation. As a result, the market’s expectation of an ECB rate hike in October has dropped to less than 40%.
BitMine stock trades near golden cross as Ethereum holdings approach 5%
Chainlink’s CCIP upgrade adds extra security layers after $292M hack
Crypto prices
More
