"That is why it was called Babel—because there the Lord confused the language of the whole world"
633k BTC * $12000 doesn't equals 7,596,000,000 ($7billion).
Or I missed something
Great work as always. Liabilities' maturity dates structure may play a role and may buy DCG a material amount of time...
This entire post is based on the assumption that Grayscale has no assets of its own, this is not clear to me at all.
Barry has been around since 2012 so he probably made a fortune.
How much did grayscale make in just 2021? 1 billion?
Can you explain "DCG actually had to take a 575m loan from Genesis to buy back stock" a bit more?
If so, there is no reason to make a loan for buyback from Greyscale to DCG, rather that from Genesis.
633k BTC * $12000 doesn't equals 7,596,000,000 ($7billion).
Or I missed something
Great work as always. Liabilities' maturity dates structure may play a role and may buy DCG a material amount of time...
This entire post is based on the assumption that Grayscale has no assets of its own, this is not clear to me at all.
Barry has been around since 2012 so he probably made a fortune.
How much did grayscale make in just 2021? 1 billion?
Can you explain "DCG actually had to take a 575m loan from Genesis to buy back stock" a bit more?
If so, there is no reason to make a loan for buyback from Greyscale to DCG, rather that from Genesis.