Digital Currency Group sells $700M of shares for investors to take profits
Digital Currency Group CEO and founder Barry Silbert didn’t sell any stock in the latest round. Digital Currency Group (DCG), one of the largest companies in the cryptocurrency industry, has completed a major secondary investment round led by Japanese financial giant SoftBank.DCG has sold $700 million worth of shares to companies like Google’s parent company, Alphabet, to bring its valuation to more than $10 billion, the company officially announced Monday.“Proud to welcome SoftBank, CapitalG, Ribbit, GIC, Tribe and Emory to an already fantastic list of DCG shareholders. And even more....
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Investors are increasing the pressure to acquire shares of the Bitcoin Investment Trust (GBTC) with a bid for 50,000 at $35 per share by the Maxim Group. Self-described as a full-service investment bank and wealth management firm, Maxim has taken the most aggressive approach as of yet to get investors in GBTC to sell their shares. In the beginning of April, trading began for shares of the Bitcoin Investment Trust, one of the products rolled out by Barry Silbert's new Grayscale Investments. Despite the fact that trading was possible, none have been executed. The rules put forth by the....
Elon Musk has sold nearly 8 million Tesla shares worth almost $7 billion. “It is important to avoid an emergency sale of Tesla stock” if Twitter forces him to close the $44 billion deal to buy the social media platform, the Tesla CEO stressed. Elon Musk Sells Nearly 8 Million TSLA Shares Tesla and Spacex CEO Elon Musk has sold 7,924,107 shares of Tesla (Nasdaq: TSLA), according to a filing with the U.S. Securities and Exchange Commission (SEC) Tuesday night. The transactions took place on Aug. 5, 8, and 9. At the time of writing, the sales amounted to $6.86 billion. Musk....
The United States Securities and Exchange Commission announced on Tuesday that is has charged bitcoin entrepreneur and evangelist Erik Voorhees with offering shares without first registering them, as required by federal securities laws. The share offerings are directly related to two-bitcoin related websites, according to reports. According to the SEC's release, Mr. Voorhees is said to have issued prospectuses and solicited investors to buy shares in SatoshiDICE and FeedZeBirds. Investors are said to have bought shares using bitcoin, which led to profits exceeding $15,000 for Voorhees,....
Bitcoin Investment Trust (BIT) has been approved to go public on the securities marketplace OTC Markets Group, with shares available to be traded as early as next week. However, this may be available only to investors of Grayscale Investments, which will sponsor BIT. The fund will be listed under the symbol GBTC. Grayscale Investments is a private investment vehicle owned by Digital Currency Group (DGC), which would take on the responsibilities to launch and run the fund. Director of sales & business development Michael Sonnenshein says that they are trying to establish themselves as a....
Despite the disappointing IPO, Bitcoin Group hopes to see a growing trend in their publicly listed shares, which will be processed by ASX very soon. Bitcoin Group, one of the largest mining operators which has been planning its initial public offering (IPO) since 2014, announced that its IPO offer and ASX Bookbuild which closed on January 25, 2016, raised over US$5.9 million. The quotation of the shares on the Australian Securities Exchange (ASX) has not been listed yet, and Bitcoin Group is working with ASX on the listing application progress. Initially, the company aimed to raise US$20....