• May 21, 2024

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Bernstein Analysts Say Grayscale Might Liquidate its Bitcoin Trust

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DCG, may raise capital, sell non-strategic assets and keep Grayscale, or liquidate its GBTC, according to Bernstein analysts.

According to them, one of these scenarios could be a solution for DCG amid the difficulties of the crypto lending platform, which has reportedly reached $1.8 billion in debt.

Genesis Trading has extended its withdrawal moratorium and told creditors it would take weeks, not days, to find a solution.

The company has attempted to raise $1 billion in emergency funding, but was unsuccessful.