DCG announces plans to increase the purchase of shares in Grayscale Bitcoin Trust

DCG announces plans to increase the purchase of shares in Grayscale Bitcoin Trust

2021/10/21

According to reports,Grayscale Investment’s parent company has authorized DCG to purchase up to $1 billion worth of Grayscale Shares Bitcoin Trust(OTCQX:GBTC). This increased DCG's prior authorization to purchase GBTC shares worth up to US$750 million by US$250 million.As of October 19, 2021,DCG has purchased GBTC shares worth US$388 million. DCG plans to use cash on hand to fund the purchase, and it will make the purchase on the open market at the discretion of management in accordance with Rule 10b-18 under the Securities Exchange Act of 1934.

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