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Genesis, a bankrupt cryptocurrency lending firm, has sold 36 million shares of the Grayscale Bitcoin Trust (GBTC) to acquire over 32,000 Bitcoin. The sale was completed on April 2, as per court documents, with the proceeds used to buy the Bitcoin. The sale was approved by a New York bankruptcy court on Feb. 14.
GENESIS SELLS GBTC SHARES TO ACQUIRE 32,041 BTC The sale was completed on April 2, as per court documents filed recently. Permission to sell the GBTC shares, along with shares in Grayscale Ethereum trusts, was granted by a New York bankruptcy court on Feb. 14, when the shares… https://t.co/XVcFEQo1Xi
GENESIS SELLS GBTC SHARES, ACQUIRES 32K BTC Bankrupt crypto lender Genesis has finalized the sale of its Grayscale Bitcoin Trust (GBTC) shares, as revealed in court documents filed on Friday. The proceeds from this sale were then utilized to procure 32,041 BTC. The sale of… https://t.co/0gPKZOBbm6
NEW: Bankrupt cryptocurrency lender Genesis sold 36M Grayscale #Bitcoin Trust $GBTC shares (💵 $58.50 per share) to buy 32,041 #BTC to repay customers 👀 https://t.co/zyxzMxNI39
