“DCG Successfully Navigates Cryptocurrency Winter, Exceeds $200 Million in First Quarter Revenue”

After a year of bankruptcy liquidation, Genesis, along with its subsidiary cryptocurrency media company CoinDesk, which underwent significant layoffs, was officially acquired by Bullish, a cryptocurrency exchange led by former New York Stock Exchange president Tom Farley, in a 100% cash transaction at the end of last year. DCG was able to retain its cash cow, Grayscale, and although Grayscale’s GBTC experienced a significant sell-off of funds, it has recently seen net inflows. It appears that DCG has successfully weathered the previous cryptocurrency winter.