According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. 証券取引委員会 (SEC) charging a subsidiary firm of DCG, Genesis Global Capital, with operating an “unregistered offer and sale of securities to retail investors.”
コンテンツ
Digital Currency Group Takes Steps to Strengthen Balance Sheet by Suspending Dividends
On Jan. 17, 2023, Coindesk reporter Ian Allison published an 論文 disclosing that the Digital Currency Group (DCG) is suspending dividend payments for the time being. It is worth noting that Coindesk, a financial crypto-focused news outlet, is an “independent operating subsidiary” of DCG. Allison’s report cites a shareholders’ letter reviewed by the publication, which notes that the decision was made in response to the “current market environment.”
DCG added that the firm has “been focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity — As such, we have made the decision to suspend DCG’s quarterly dividend distribution until further notice.”
The Coindesk article follows the problems the crypto lending subsidiary of DCG, Genesis Global Capital, has been dealing with over the past two months. 11月に. 16, 2022, Genesis’s lending unit suspended withdrawals and new loan originations. It was then 報告 that Genesis owes Gemini Earn customers $900 100万, and as a result, Gemini also paused withdrawals and recently shut down the Earn program. さらに, レポート detailed that Genesis was being probed by U.S. レギュレーター, and Gemini formed a committee with Houlihan Lokey to resolve the Genesis liquidity issues.
後で, Gemini co-founder Cameron Winklevoss wrote a critical open letter about the subject, and then followed up with another open letter insisting that the DCG board remove Barry Silbert from his role as DCG’s CEO. Silbert responded with a letter addressed to DCG shareholders, in which he dismisses many of the claims made by Winklevoss. 次の日, both Gemini and Genesis were charged by the U.S. 証券取引委員会 (SEC) with conducting an unregistered offering.
DCG owns a vast portfolio of crypto companies, including Coindesk, ファウンドリーUSA, Grayscale Investments, and Genesis Global Capital. All of these companies are major players in the space; for example, Foundry USA is the largest bitcoin mining pool in terms of hashrate, and Grayscale manages the largest Bitcoin Trust (GBTC) in the crypto industry.
What do you think about the suspension of dividends by Digital Currency Group? 以下のコメントセクションで、この件についてのご意見をお聞かせください.
画像クレジット: シャッターストック, Pixabay, ウィキ・コモンズ
免責事項: この記事は情報提供のみを目的としています. 売買の申し出の直接的な申し出または勧誘ではありません, または製品の推奨または保証, サービス, または企業. Bitcoin-Tidings.com 投資を提供しない, 税, 法的, または会計アドバイス. 会社も著者も責任を負いません, 直接的または間接的に, コンテンツの使用または依存によって、またはそれに関連して引き起こされた、または引き起こされたと主張されている損害または損失について, この記事で言及されている商品またはサービス.
読んだ 免責事項