Grayscale Parent Company DCG Plans to Buy $1 Billion Worth of $GBTC

TokenInsight News, Digital Currency Group, the parent company of Grayscale Investments, plans to purchase $1 billion worth of Grayscale Bitcoin Trust, adding an additional $250 million to its previous plan to purchase $750 million of $GBTC. As of October 19, 2021, DCG has purchased $388 million worth of $GBTC shares. DCG plans to make the purchases in the open market at the discretion of management.