According to the FT report citing filings, DCG’s recent share sales have focused on the ethereum fund, where the group has moved to sell about a quarter of its stock to raise as much as $22M in several trades since January 24. The company is selling at about $8 per share, despite each share’s claim to $16 of ether.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.coindesk.com/business/2023/02/07/dcg-is-selling-holdings-in-grayscale-financial-times/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
More from CoinDesk
Sales of Solana Phone Surge as Traders Chase BONK Arbitrage
Source Node: 1925336
Time Stamp: Dec 14, 2023
A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities
Source Node: 1842403
Time Stamp: May 31, 2023
Crypto Lobbyist Group Blockchain Association Asks Court for Permission to Support Ripple Against SEC Case
Source Node: 1731337
Time Stamp: Oct 28, 2022
Binance Registers in New Zealand and Opens Local Office
Source Node: 1708128
Time Stamp: Sep 30, 2022
First Mover Asia: Bitcoin Holds Above $30.5K at the End of a Quiet, Long Weekend
Source Node: 1856135
Time Stamp: Jul 4, 2023
Crypto Financial Services Firm Eqonex Files for Voluntary Debt Restructuring in Singapore
Source Node: 1759973
Time Stamp: Nov 22, 2022
Bitcoin $24K Breakout Elusive as Treasury Yields Balk at Peak Inflation Narrative
Source Node: 1623595
Time Stamp: Aug 12, 2022
Bitcoin Advocate Ziya Sadr Arrested by Iranian Security Forces
Source Node: 1720607
Time Stamp: Oct 9, 2022
Ether Turns Inflationary as Network Revenue Plunges to 9-Month Low
Source Node: 1893537
Time Stamp: Sep 22, 2023
Ether Selling Pressure Post-Shanghai Upgrade Was ‘Non-Event,’ Says Nansen
Source Node: 1834596
Time Stamp: May 10, 2023