Venture capital firm buys half a billion dollars in bitcoin

Charlie Taylor

Cryptocurrency venture capital giant Digital Currency Group (DCG) is snapping up another 500 million in shares of the Grayscale Bitcoin Trust (GBTC). DCG supports more than 175 blockchain-related companies in more than 35 countries and is the company parent company of Grayscale and Coindesk. The move brings DCG's total investment in Grayscale to $ 750 millionDCG plans to use the money available for purchase and states that “The timing, quantity and actual value of stock purchases will depend entirely on a number of factors, including the levels of available money, price and prevailing market conditions. "

Want to earn Bitcoins?
We help you with that.
Open a free account!

The Grayscale Bitcoin Trust is the world's largest public Bitcoin holder, with 654,850 BTC in its treasure. The investment giant also has funds for 12 other altcoins, including Ethereum (ETH), Litecoin (LTC) and Chainlink (LINK).See also: Mercado Livre announces purchase of R $ 40 million in bitcoin

Click to rate this post!
[Total: 0 Average: 0]
Next Post

Mercado Livre announces purchase of R $ 40 million in bitcoin

Latin American digital trading company Mercado Livre said in a regulatory document on Wednesday that it now holds bitcoin on its balance sheet. According to a press release announcing its results for the first quarter of 2022, the company said that “Part of our treasury strategy this quarter, we bought […]

Subscribe US Now