Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Grayscale parent company DCG’s fourth-quarter revenue rose 59%, driven by the rise in Bitcoin prices.
ADOPTION NEWS

Grayscale parent company DCG’s fourth-quarter revenue rose 59%, driven by the rise in Bitcoin prices.

By Crypto FlexsFebruary 13, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Grayscale parent company DCG’s fourth-quarter revenue rose 59%, driven by the rise in Bitcoin prices.
Share
Facebook Twitter LinkedIn Pinterest Email

Digital Currency Group said in a letter to shareholders on Monday that the company recorded $210 million in revenue in the fourth quarter of last year. This is a 59% increase compared to the same period last year.

The company, which owns Grayscale Investments, said high asset prices, particularly Bitcoin, were the main reason for the increase in profits. DCG also reported fourth-quarter EBITDA jumped to $99 million, compared to negative $7 million during the same period in 2022.

“For fiscal year 2023, DCG’s consolidated revenue was $749 million and EBITDA was $275 million,” the company said in its letter to shareholders. “As of December 31, 2023, DCG’s investment portfolio (including tokens, Grayscale Trust shares, venture/fund investments, and public equities) was valued at (approximately) $975 million.”

Grayscale’s newly converted spot Bitcoin ETF has billions of assets under management, but continues to be the largest fund of its kind and accounts for one-third of daily spot Bitcoin ETF trading volume, according to Yahoo Finance data compiled by The Block. Processing more than 1.

Genesis lawsuit in progress

Separately, DCG’s lender, Genesis Global Holdco, filed for bankruptcy protection about a year ago. The company is currently embroiled in a lawsuit, with the New York attorney general alleging that DCG, along with Genesis and another company, Gemini, defrauded more than 230,000 investors out of more than $3 billion.

“There is nothing new here,” a DCG spokesperson said in a statement last week. “This is the same baseless complaint that has been recirculated to create yet another media headline.”

Recent Genesis stable It agreed to pay $21 million in a lawsuit filed by the Securities and Exchange Commission.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA unveils the Nemotron-H reasoning model for enhanced throughput.

June 8, 2025

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025

VEXI Village unveils new features and events in June.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Circle refused to buy $ 5 billion in Ripple. It is worth more than $ 20 billion after NYSE debut.

June 8, 2025

NVIDIA unveils the Nemotron-H reasoning model for enhanced throughput.

June 8, 2025

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025

40% mask token conflict in Trump vs. Elon Musk

June 8, 2025

Gemini IPO submissions will bring the Winklevoss Crypto company to Wall Street.

June 8, 2025

CUDIS bets on longevity exercises by betting on wearable, AI and solana tokens.

June 8, 2025

VEXI Village unveils new features and events in June.

June 7, 2025

Solana Whale will not announce $ 17 million in four years. Should I worry?

June 7, 2025

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Circle refused to buy $ 5 billion in Ripple. It is worth more than $ 20 billion after NYSE debut.

June 8, 2025

NVIDIA unveils the Nemotron-H reasoning model for enhanced throughput.

June 8, 2025

Render Royale May 2025: The winner was unveiled on a fantastic display.

June 8, 2025
Most Popular

US sanctions technology companies are related to millions of dollars of encryption fraud.

May 31, 2025

Ethereum price is set to blossom as ETH discount closes quickly: ETH to $3,500?

December 22, 2023

What is SEI? – Bitfinex Blog

February 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.