Bankrupt Genesis Sold GBTC Shares to Acquire 32,041 Bitcoin (2024)

Table of Contents
Learn more about Bloomberg Law or Log In to keep reading: Learn About Bloomberg Law Already a subscriber?

April 5, 2024, 5:44 PM UTC

By Jonathan Randles

Bankrupt Genesis Sold GBTC Shares to Acquire 32,041 Bitcoin (5)

Jonathan Randles

Bloomberg News

See Also
BTC Maintains $65K as GBTC Outflows Hit Highest Level Ever

Genesis Global Capital said Friday its finished monetizing its Grayscale Bitcoin Trust shares and used the proceeds to buy 32,041 Bitcoin, which the bankrupt crypto lender will use to repay customers.

  • Genesis lawyers said in a court filing that, as of April 2, it fully monetized nearly 36 million GBTC shares to purchase Bitcoin
  • Judge Sean Lane approved Genesis’s request to monetize its GBTC shares in February as the company readied its proposal for repaying creditors with billions of dollars in cash and crypto
    • Genesis, which filed for Chapter 11 bankruptcy protection in January 2023, had estimated the value of ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.

© 2024 Bloomberg Industry Group, Inc.

All Rights Reserved

Bankrupt Genesis Sold GBTC Shares to Acquire 32,041 Bitcoin (2024)
Top Articles
How to Start a Candle Business | Square
Which countries are tax-free? What are the best tax havens? | CurrencyTransfer
Knoxville Tennessee White Pages
Roblox Roguelike
Brady Hughes Justified
Restaurer Triple Vitrage
Plaza Nails Clifton
Flixtor The Meg
Craigslist In South Carolina - Craigslist Near You
Gw2 Legendary Amulet
Top Golf 3000 Clubs
Fallout 4 Pipboy Upgrades
Why Is Stemtox So Expensive
zopiclon | Apotheek.nl
Mephisto Summoners War
Local Dog Boarding Kennels Near Me
Clarksburg Wv Craigslist Personals
The Banshees Of Inisherin Showtimes Near Regal Thornton Place
使用 RHEL 8 时的注意事项 | Red Hat Product Documentation
Sadie Proposal Ideas
Apply for a credit card
Silive Obituary
Riherds Ky Scoreboard
Putin advierte que si se permite a Ucrania usar misiles de largo alcance, los países de la OTAN estarán en guerra con Rusia - BBC News Mundo
Mega Personal St Louis
Magic Seaweed Daytona
Galaxy Fold 4 im Test: Kauftipp trotz Nachfolger?
Gotcha Rva 2022
Disputes over ESPN, Disney and DirecTV go to the heart of TV's existential problems
Suspiciouswetspot
Dtm Urban Dictionary
How rich were the McCallisters in 'Home Alone'? Family's income unveiled
Wasmo Link Telegram
Pch Sunken Treasures
Rust Belt Revival Auctions
Unlock The Secrets Of "Skip The Game" Greensboro North Carolina
Xemu Vs Cxbx
How to Destroy Rule 34
Why Holly Gibney Is One of TV's Best Protagonists
Pitchfork's Top 200 of the 2010s: 50-1 (clips)
Admissions - New York Conservatory for Dramatic Arts
Banana Republic Rewards Login
Toth Boer Goats
Appraisalport Com Dashboard Orders
Inducement Small Bribe
Beds From Rent-A-Center
Hdmovie2 Sbs
The Largest Banks - ​​How to Transfer Money With Only Card Number and CVV (2024)
Lightfoot 247
Germany’s intensely private and immensely wealthy Reimann family
Goosetown Communications Guilford Ct
Latest Posts
How to Prevent Shipping Damage | Freightos
Is It Illegal to Record Someone Without Their Permission?
Article information

Author: Merrill Bechtelar CPA

Last Updated:

Views: 5810

Rating: 5 / 5 (70 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Merrill Bechtelar CPA

Birthday: 1996-05-19

Address: Apt. 114 873 White Lodge, Libbyfurt, CA 93006

Phone: +5983010455207

Job: Legacy Representative

Hobby: Blacksmithing, Urban exploration, Sudoku, Slacklining, Creative writing, Community, Letterboxing

Introduction: My name is Merrill Bechtelar CPA, I am a clean, agreeable, glorious, magnificent, witty, enchanting, comfortable person who loves writing and wants to share my knowledge and understanding with you.