Genesis buys $2.1b of Bitcoin after selling 36m GBTC shares
Troubled crypto lending firm Genesis has reportedly bought $2.1 billion worth of Bitcoin (BTC) after selling off approximately 36 million shares of the Grayscale Bitcoin Trust (GBTC). According to a Bloomberg Law report citing court documents filed on April 5, Genesis sold 36 million of its GBTC shares and used the proceeds to buy 32,041 Bitcoins, which it...