Barry Silbert Raises $755,000 Through Sale of Shares of ETCG Grayscale Investments

Barry Silbert, CEO of DCG, has recently liquidated 120,000 shares of ETCG Grayscale Investments, a subsidiary of the holding company, valued at $755,295.

It is the first time Silbert has gotten rid of this instrument since he acquired the securities in a series of transactions between 2017 and 2018.

Since its inception in April 2017, ETCG’s shares have increased in value by 323.4%, and its AUM is currently $225.8 million.

In the first quarter of 2023, DCG reported a 63% increase in profits from the previous period to $180 million.

In November 2022, in response to the collapse of FTX, Global Capital, a subsidiary of the Genesis holding, froze withdrawals of funds and the issuance of new loans due to increased demand from customers.

In January 2023, Genesis Global Holdco and its subsidiaries filed for bankruptcy with liabilities exceeding $3 billion.