DCG May Raise Capital Liquidating GBTC
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According to Bernstein analysts, DCG, which is facing problems with its subsidiary Genesis Trading, can raise capital, sell non-strategic assets and keep Grayscale or liquidate GBTC.
One of these options could be a solution for DCG amid the difficulties of the crypto landing platform, whose debt reportedly amounts $1.8 billion.
Genesis Trading extended a moratorium on withdrawals and told its creditors it would take weeks to find a solution to the problems it faces following the collapse of FTX.
Then, the company tried to raise $1 billion in emergency financing, but it did not manage to do so.
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