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Page 49 - கிரேஸ்கேல் பிட்காயின் நம்பிக்கை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Grayscale parent firm DCG to increase allocation in GBTC to $750M amid steep discount

May 4, 2021 04:21 GMTCrypto News Digital Currency Group stated that the firm purchased a total of $193.5 million worth of GBTC shares. The New York-based firm will invest an additional $500 million in the Grayscale Bitcoin Trust. The negative premium on GBTC could be one of the key reasons for the expansion in allocation. The parent company behind Grayscale, Digital Currency Group, has decided to ramp up the number of shares to acquire in the cryptocurrency fund. DCG buys more shares while GBTC premium falls DCG recently said that it would purchase up to $75 million Grayscale Bitcoin Trust shares, increasing by $500 million from its previous announcement. 

A keen investor s guide to cryptocurrency (2021)

DCG to Buy More of Crypto Trust Amid Stubborn Discount

DCG to Buy More of Crypto Trust Amid Stubborn Discount The $36 billion Grayscale Bitcoin Trust was for a long time one of very few ways to get exposure to Bitcoin without buying the digital asset directly. Vildana Hajric and Katie Greifeld | May 04, 2021   (Bloomberg) The parent company behind the popular Grayscale Bitcoin Trust said it’s upping the amount of shares it plans to purchase as the fund remains at a deep discount to its holdings. Barry Silbert’s Digital Currency Group Inc., which controls Grayscale Investments, said Monday it will now buy up to $750 million GBTC shares. That’s a $500 million increase to the crypto giant’s announcement in March that it would scoop up to $250 million worth of the trust.

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