📣 Crypto lender Genesis makes a bold move! After selling its shares of Grayscale Bitcoin Trust (GBTC), Genesis has used the proceeds to purchase a whopping 32,041 bitcoins, now worth around $2.2 billion! 💰

This comes after Genesis received permission from a New York bankruptcy court to sell nearly 36 million shares in GBTC and additional shares in two Grayscale Ethereum trusts. The sale of GBTC shares was completed on April 2.

So, what's next for Genesis and its massive bitcoin stack? Initial plans suggest the tokens will be distributed to its Gemini Earn creditors.

What are your thoughts on this strategic move by Genesis? Let's discuss in the comments below! 👇