Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement
Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed a...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Strategy Sells $2 Billion of Stock, Buys No Bitcoin and Creates a New $1.59 Billion Cash Pool
Strategy sold 18,261,118 shares of its common stock for net proceeds of $2.01 billion in the week ended Aug. 23 and did not buy a...
Soluna’s 1 billion-share proposal exposes the funding challenge behind its AI and Bitcoin expansion
Soluna Holdings is asking shareholders to substantially expand its ability to issue stock as the data-center developer tries to fi...
Bitcoin ETFs inflow streak reaches $2.2 billion in 6 days as assets near $100 billion
US spot Bitcoin exchange-traded funds (ETFs) extended their inflow streak to six trading days on Monday, adding another $337.6 mil...
Grayscale Launches Zcash ETF Following Critical Privacy Flaw That Rocked the Cryptocurrency
The fund gives brokerage investors exposure to ZEC as Grayscale bets on demand for crypto assets beyond Bitcoin and Ethereum.
Blackrock Processes $5 Billion in Direct Bitcoin-to-ETF Conversions
Large crypto holders are increasingly exchanging bitcoin directly for exchange-traded fund (ETF) shares instead of selling into ca...
Kalshi raised $1.12 billion via private equity offering since April, latest SEC filing shows
It was reported earlier this month that Kalshi is looking to raise $750 million in fresh capital at a $40 billion valuation.