Court Allows Genesis to Liquidate $1.3B of GBTC Shares
The bankruptcy court has granted permission for Genesis Global Holdco to sell approximately $1.3 billion worth of shares from Grayscale Bitcoin Trust (GBTC).
The bankruptcy court has granted permission for Genesis Global Holdco to sell approximately $1.3 billion worth of shares from Grayscale Bitcoin Trust (GBTC).
According to Caroline Mauron, co-founder of Orbit Markets, the strengthening of Bitcoin is a sign of a positive trend globally.
According to its founder Michael Saylor, MicroStrategy strives to position itself as a developer of Bitcoin and related products.
Bukele announced the issuance of $1 billion in Bitcoin bonds, which will take place before the end of the first quarter of 2024.
According to MicroStrategy, it acquired an addition of 850 BTC in January, bringing its total holdings to 190,000 BTC.
According to analysts from DecenTrader, Bitcoin is expected to experience a sell-off after its halving event, testing the resolve of investors.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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