BlockFi, one of the lending platforms, has completely settled their position in the Grayscale Bitcoin Trust (GBTC).
BlockFi received financial support from the cryptocurrency exchange FTX after the Three Arrows Capital crisis. stop withdrawals among other lending platforms that have to failed to participate.
BlockFi management, as a company, is responsible for its commercial relations with Three Arrows Capital. “restricted” stated that the company Grayscale Bitcoin Trust He had a significant relationship with
The Grayscale Bitcoin Trust’s share price was about a month ago. up to 34% below net asset value had fallen.
According to the reports by The Block, BlockFi has both Completely resolved his position in GBTC and now GBTC will not be used as collateral..
Company CEO Zac Prince recently revealed that he has some debts worth less than $10 million, secured by GBTC. The company also settled these debts.