Bankrupt crypto lender Genesis sold its Grayscale Bitcoin Trust (GBTC) shares to buy 32,041 bitcoins, valued at $2.2 billion today. The sale was approved by a New York bankruptcy court.
Genesis received court permission on Feb. 15 to sell 36 million shares of GBTC and other Grayscale trusts, initially valued at $1.6 billion. The purchased bitcoins are planned for distribution to Gemini Earn creditors.
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