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Bankrupt Genesis Global Fortifies Debt Settlement Strategy With $2.1B Bitcoin Stockpile

Retrieved on: 2024-04-08 17:49:58

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Bankrupt Genesis Global Fortifies Debt Settlement Strategy With $2.1B Bitcoin Stockpile. View article details on HISWAI: https://www.westislandblog.com/bankrupt-genesis-global-fortifies-debt-settlement-strategy-with-2-1b-bitcoin-stockpile/

Summary

Genesis Global Capital leveraged the sale of its Grayscale GBTC shares to acquire $2.1 billion in Bitcoin, aiming to settle its $3.5 billion debt amidst corporate challenges and bankruptcy triggered by FTX's collapse.

Article found on: www.westislandblog.com

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