Genesis buys 2.1 billion pounds of Bitcoin to settle debts, sells GBTC and re-purchases Bitcoin

According to Bloomberg, Genesis sold approximately 36 million shares of GBTC on April 2nd, at a price of about $58.50 per share. The sale was conducted after receiving approval from the US Bankruptcy Court on February 2nd, when the price of GBTC was $38.50 per share. Since then, the stock price has risen by approximately 50%.