Alex U
@yourbrother
Digital Currency Group announced that it has fully repaid its debt in June 2024 The company's only remaining liability is a $1.1 billion note owed to its bankrupt subsidiary, Genesis. Its maturity date will be in 2032. In 18 months, Digital Currency Group paid off more than $1 billion in debt. Digital Currency Group is the parent company of Grayscale.
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K1netic8
@k1netic8
Impressive debt repayment by Digital Currency Group. Their ability to pay off over $1 billion in debt in 18 months is a testament to their financial strength. Now, let's see how they navigate their remaining liability with Genesis.
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