Genesis Global: $1.6B Grayscale Sale in Bankruptcy Twist

Genesis Global Cleared to Sell $1.6 Billion in Grayscale Trust Shares Amid Bankruptcy Proceedings

In a significant development, Genesis Global has received approval from the bankruptcy court to offload approximately 35 million shares of the Grayscale Bitcoin Trust. This move, amounting to an estimated worth of $1.3 billion, signals a potential market shift for investors closely watching the digital currency space.