Grayscale’s Parent Company DCG to Purchase $750M in Grayscale Bitcoin Trust

By Prashant Jha

Grayscale

Digital Currency Group (DCG), the parent company of the world’s largest crypto asset manager Grayscale has approved to increase the purchase of Grayscale Bitcoin Trust ($GBTC) worth $750 million in a recent announcement. The recent purchase would increase the GBTC holding by $500 million on top of early authorization for a $250 million purchase. As per the latest holding reports, DCG has purchased $193.5 million worth of GBTC and the additional $500 million purchase would be funded by the cash surplus of the company.

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