Bitcoin teeters after Grayscale owner DCB reveals bn debt

Bitcoin teeters after Grayscale owner DCB reveals $2bn debt

Barry Silbert, founder and CEO, Digital Currency Group said they can cope with the crypto winter chill. Photo: Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty

Grayscale owner DCB has revealed that it is $2bn (£1.65bn) in debt, causing the value of bitcoin to look increasingly precarious due to the company’s digital asset holdings and its ownership of troubled crypto lender Genesis.

The Grayscale Bitcoin Trust is one of the world’s largest holders of bitcoin (BTC-USD), with a stash…


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