Grayscale files for an IPO, reporting $203.3M in net income on $318.7M in revenue for January to September 2025; the DCG unit has ~$35B in AUM and 40+ products
Isabelle Lee / Bloomberg :
Crypto asset manager Grayscale confidentially files draft IPO paperwork with the US SEC, offering few details; the DCG subsidiary manages $30B+ in BTC and ETH
Naga Avan-Nomayo / The Block :
Crypto asset manager Grayscale confidentially files draft IPO paperwork with the US SEC, offering few details; the DCG subsidiary manages $30B+
- Grayscale's confidential filing signals the next major U.S. crypto IPO after Circle's debut and could gauge renewed investor demand.
DCG reports $719M in revenue and a $1.1B loss in 2022 as the conglomerate faced plunging crypto prices and the restructuring of its Genesis lending platform
Ian Allison / CoinDesk :
Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly's Eldridge
as always, thanks for reading and follow me here Tweets: Katie Martin / @katie_martin_fx : Genesis failure would land owner with $350mn payout to financier Todd Boehly @nikasgari here on crypto, Chels...
Dutch crypto exchange Bitvavo says the company can't access €280M at Digital Currency Group; a DCG spokesperson says Bitvavo works with Genesis Capital, not DCG
RT Watson / The Block :
Dutch crypto exchange Bitvavo, which uses DCG for its staking service, says it can't access ~$297M held at DCG and that DCG is “experiencing liquidity problems”
Dutch cryptocurrency exchange Bitvavo said it can't access 280 million euros ($297 million) on Digital Currency Group …
Sources: Genesis Global has $2.8B in outstanding loans, including ~30% of its lending made to related parties like its parent company DCG
Bloomberg :
Sources: digital asset trading firm Genesis is potentially facing “hundreds of millions” of dollars in losses, partly through exposure to 3AC and Babel Finance
The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.