DCG and Silbert have denied that the promissory note was a sham. In their motions to dismiss, lawyers for DCG and Silbert claimed that the note was fully vetted and binding, adding that, in addition to the note, DCG transferred hundreds of millions of dollars and assets into Genesis to fill the hole in its balance sheet. The tweets reassuring investors of Genesis’ “strong” balance sheet, they argued, were simply “corporate puffery” – not lies.
Key Takeaways:$2.5 Billion Raised: Strategy expands preferred stock offering from $500M to $2.521B to aggressively buy more Bitcoin.Massive BTC Hoard:...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Gemini co-founder and CEO Tyler Winklevoss has...
Sharplink just landed Blackrock’s top crypto strategist, igniting a bold ethereum push with aggressive staking, institutional-grade execution, and a treasury...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Nigerian Securities and Exchange Commission (SEC)...
Key Takeaways:Galaxy Digital has executed one of the largest Bitcoin transactions in history, selling over 80,000 BTC worth $9 billion.The...
