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. Комиссия по ценным бумагам и биржам (SEC) charging a subsidiary firm of DCG, Genesis Global Capital, with operating an “unregistered offer and sale of securities to retail investors.”
Содержание
Digital Currency Group Takes Steps to Strengthen Balance Sheet by Suspending Dividends
Это Ян. 17, 2023, Coindesk reporter Ian Allison published an статья 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. On Nov. 16, 2022, Genesis’s lending unit suspended withdrawals and new loan originations. It was then сообщил that Genesis owes Gemini Earn customers $900 миллион, and as a result, Gemini also paused withdrawals and recently shut down the Earn program. Кроме того, reports detailed that Genesis was being probed by U.S. regulators, and Gemini formed a committee with Houlihan Lokey to resolve the Genesis liquidity issues.
Потом, 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 ответил with a letter addressed to DCG shareholders, in which he dismisses many of the claims made by Winklevoss. На следующий день, both Gemini and Genesis were взимается by the U.S. Комиссия по ценным бумагам и биржам (SEC) with conducting an unregistered offering.
DCG owns a vast portfolio of crypto companies, including Coindesk, Литейный завод США, Grayscale Investments, and Genesis Global Capital. All of these companies are major players in the space; Уровень удовольствия от одного опыта не имеет положительной корреляции с размером земли., Foundry USA is the largest bitcoin mining pool in terms of hashrate, and Grayscale manages the largest Bitcoin Trust (ГБЦ) in the crypto industry.
What do you think about the suspension of dividends by Digital Currency Group? Дайте нам знать, что вы думаете об этом предмете в разделе комментариев ниже.
Кредиты изображений: Шаттерсток, Pixabay, Викисклад
Отказ от ответственности: Эта статья предназначена только для информационных целей. Это не прямое предложение или запрос предложения о покупке или продаже, или рекомендацию или одобрение любых продуктов, Сервисы, или компании. Биткойн-Tidings.com не дает инвестиций, налог, законный, или консультации по бухгалтерскому учету. Ни компания, ни автор не несут ответственности, прямо или косвенно, за любой ущерб или убытки, вызванные или предположительно вызванные или связанные с использованием или доверием к любому контенту, товары или услуги, упомянутые в этой статье.
Читать отказ от ответственности