Digital Currency Group (DCG), the giant investor of the crypto money industry, announced that it has suspended the dividend payments of its shareholders as part of its liquidity protection strategies.
Bloomberg’s January 18 DCG, in a letter of disclosure to its shareholders, once in 3 months carried out dividend distribution until further notice has suspended explained. The company said that this move Strengthening the balance sheet by maintaining liquidity announced for the purpose.
company CEO Barry Silbert January In a letter in which the shareholders congratulated the new year during the month of operational and financial addressed the situation. Due to the crypto money sector in the company’s bear market and various financial problems. tough a from the period Acknowledging that the past has passed, the CEO said that DCG has been quite by hard ways He reminded me that he had passed. Silbert says that the structure of the company is quite durable and only throughout the process. by reducing weight this situation that they thought they could overcome conveyed.
DCG, which recently had a crisis with the US crypto exchange Gemini, crypto lending platform, one of its subsidiaries of Genesis 3 billion debts of more than finance to be able half a billion dollars take away his worth plans to release had been reported.