DCG Authorizes $750 Million In GBTC Purchases As Discount Persists

DCG Authorizes $750 Million In GBTC Purchases As Discount Persists

Grayscale’s parent company authorized up to $750 million in GBTC purchases as the trust’s shares continue to trade at a discount to NAV.Earlier today, Digital Currency Group, the parent company of Grayscale Investments, announced that it had authorized up to an additional $750 million worth of the Grayscale Bitcoin Trust (GBTC) to be purchased by the company. This is an increase of $500 million compared to an authorization by DCG announced last month. As of April 30, the parent company has purchased $193.5 million worth of GBTC shares, in an apparent attempt to bring the discount between....


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