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
Deep Reflection: I Wasted Eight Years in the Crypto Industry
In recent days, an article titled "I Wasted Eight Years in the Crypto Industry" has garnered over a million views and widespread resonance on Twitter, directly addressing the gambling nature and nihilistic tendencies of cryptocurrencies. ChainCatcher now translates this article for further discussion and exchange.
Altcoin ETFs are launching in droves, so why aren’t they driving up token prices?
Ethereum's "DA Dawn": How the Fusaka Upgrade Could Make Celestia and Avail Seem "Redundant"?
The article discusses the concept of modular blockchains and Ethereum's performance improvement through the Fusaka upgrade. It analyzes the challenges faced by DA layers such as Celestia and highlights Ethereum's advantages. The summary was generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated.
Rising Bitcoin ‘liveliness’ indicator suggests bull market may continue: analysts
Trending news
MoreCrypto prices
More
