It is claimed that Digital Currency Group (DCG), the giant investor of the crypto money market, sold Grayscale shares below the market price in order to pay off its debts.
Financial Times February 7 In the news published on to the US Securities and Exchange Commission (SEC) part of its assets in Grayscale, one of DCG’s subsidiaries, according to documents submitted. half the market price He claimed he was starting to sell.
It is stated that DCG’s sales are made from Ethereum funds managed by Grayscale. Company January 24 since Ethereum by selling a quarter of its share in the funds 22 million Raised close to $1,000 in funding. However, the Grayscale Ethereum fund $16 every share of DCG against market price from $8 It was the most striking point of the document he sold.
Experts drew attention to this scenario at the beginning of last month and asked which positions to liquidate in case of a possible liquidation. priority had been discussed. Documents DCG’s primarily liquid assets starting to liquidate price shift harm to a minimum shows that the group of experts who claimed that they would try to download it were right.
On the other hand, according to Coinecko data, sales started. January 24 Notable price change in Ethereum since not lived is seen. Experts say that DCG’s sales volumetric explains it by being small.