Genesis Used GBTC Share Proceeds To Buy 32,041 Bitcoin

By Yun Park · April 5, 2024, 8:23 PM EDT

Cryptocurrency lender Genesis Global Holdco said it had fully monetized its Grayscale Bitcoin Trust shares and used the proceeds to purchase 32,041 bitcoin that will be distributed to its customers....

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Bankruptcy Scorecard


Cryptocurrency lending platform Genesis Global Holdco LLC filed for Chapter 11 bankruptcy in January 2023 with $5.1 billion, after huge players in the digital asset space fell into Chapter 11, including exchange FTX Trading Ltd. and lending platform Celsius Networks.

Case Number



Sean H. Lane


U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$5.1 billion

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Case Information

Case Title

Genesis Global Holdco, LLC

Case Number



New York Southern

Nature of Suit

Date Filed

January 19, 2023