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Brytomotive
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Can Genesis Repay Creditors Faster with $2.1 Billion Bitcoin Bought from GBTC Sale? 😬 In a surprising move, bankrupt crypto lender #Genesis dumped $2.1 billion worth of Grayscale Bitcoin Trust shares (GBTC) to buy actual Bitcoin. This fire sale comes after Genesis got the green light to sell the #GBTC in February, when the price was way lower. With Bitcoin back on the rise, is this a genius strategy by Genesis to repay creditors faster, or a risky gamble? Crypto exchange #Coinbase says the market shouldn't panic, but will their assurances hold true? #Binance #crypto2024

Can Genesis Repay Creditors Faster with $2.1 Billion Bitcoin Bought from GBTC Sale? 😬

In a surprising move, bankrupt crypto lender #Genesis dumped $2.1 billion worth of Grayscale Bitcoin Trust shares (GBTC) to buy actual Bitcoin.

This fire sale comes after Genesis got the green light to sell the #GBTC in February, when the price was way lower. With Bitcoin back on the rise, is this a genius strategy by Genesis to repay creditors faster, or a risky gamble?

Crypto exchange #Coinbase says the market shouldn't panic, but will their assurances hold true?

#Binance

#crypto2024

Ansvarsfriskrivning: Inkluderar åsikter från tredje part. Ingen ekonomisk rådgivning. Se användarvillkor.
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