Digital Currency Group Buying $50M of Ethereum Classic Grayscale Shares

[Markuri33]

The $50 million purchase comes amid questions about the viability of DCG's flagship Bitcoin Trust investment product. Digital Currency Group (DCG) on Monday announced it would buy $50 million worth of ETCG—a stock owned by its subsidiary, Grayscale, that is a proxy for owning Ethereum Classic. "DCG plans to use cash on hand to fund the purchases and will make the purchases on the open market, at management’s discretion," said the company in a statement announcing the purchase.source