Genesis completes redemption of GBTC Shares, buys 32,000 Bitcoins with proceeds

Bankrupt crypto lender Genesis has completed the sale of its Grayscale Bitcoin Trust (GBTC) shares and used the proceeds to purchase 32,041 Bitcoin.

As for what Genesis will do with its large Bitcoin stack, initial plans are for the tokens to be distributed to its Gemini Earn creditors.

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