- Genesis sold $2.1 billion of Grayscale GBTC in the past few weeks
- Grayscale sells an equivalent amount of BTC to give money to Genesis
- Then, Genesis bought 32,041 Bitcoin on April 2 for $65,685, which means about $2.18 billion to start paying back creditors and victims...
- Why doesn't Grayscale assign it to Genesis to save costs? 😆
There may be some legal regulations that do not allow converting GBTC shares to BTC directly 🤷♂️
#binance #BinanceVietnamSquare
