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13 May 2021

Marlton Applauds Decision to Increase Digital Currency Group's Authorized Purchase of GBTC Shares for $750 Million  – Finance Bitcoin News

Marlton Applauds Decision to Increase Digital Currency Group's Authorized Purchase of GBTC Shares for $750 Million  – Finance Bitcoin News


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Investment management firm, Marlton, has applauded the recent decision to authorize the purchase by Digital Currency Group (DCG) of up to a total of $750 million worth of shares of Grayscale Bitcoin Trust (GBTC).

This latest action follows Marlton’s recent call for DCG and the Grayscale board to do more to narrow the discount on GBTC shares.

Meanwhile, in its own statement following the new purchase authorization, Grayscale’s parent reveals that “as of April 30, 2021, DCG has purchased $193.5 million worth of shares of GBTC.” These purchases follow an earlier authorization which allowed the DCG to purchase up to $250 million GBTC shares.

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