2min chapter

Coin Stories with Natalie Brunell cover image

Sam Callahan: What You Need to Know About GBTC and the Crypto Contagion

Coin Stories with Natalie Brunell

CHAPTER

Genesis Needs Liquidity

There's a potential that GBTC could be liquidated for that. So the worry is that Genesis basically needs liquidity. They don't know a billion dollars or how much how much do they need? Well, DCG basically owns Genesis $1.7 billion and there's like about a billion dollar hole in their balance sheet. Can't really blame that they don't want their capital with these crypto lenders who have been doing really risky things and FTX spooked them.

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