‘Company Redeems GBTC Shares and Purchases 32K Bitcoins Using Funds’

Genesis has been granted permission by a New York bankruptcy court to sell approximately 36 million shares in GBTC, along with additional shares in two Grayscale Ethereum trusts. The estate’s lawyers valued the Grayscale shares at a total of .6 billion, with GBTC accounting for nearly .4 billion, Grayscale Ethereum Trust at 5 million, and Grayscale Ethereum Classic Trust at million. This development marks a significant opportunity for Genesis to liquidate these assets and potentially recoup a substantial amount of funds.