After a year of bankruptcy liquidation, Genesis, along with its subsidiary cryptocurrency media company CoinDesk, which underwent significant layoffs, was officially acquired by the cryptocurrency exchange Bullish led by former New York Stock Exchange President Tom Farley at the end of last year in a 100% all-cash transaction. DCG was able to retain its cash cow, Grayscale, and despite a significant amount of fund selling, Grayscale’s GBTC has recently seen net inflows, indicating that DCG seems to have safely weathered the previous cryptocurrency winter.
DCG Emerges Victorious from Crypto Winter, Generates Over $200 Million in Q1 Revenue