Genesis Trading Still Holds $2.15 Billion in BTC Despite Bankruptcy

IconCryptoNewsTerminal Staff26 Jul, 2024

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Genesis Trading Still Holds $2.15 Billion in BTC Despite Bankruptcy

Genesis Trading, a cryptocurrency trading and lending platform that filed for bankruptcy in January 2023, still holds a significant amount of Bitcoin (BTC). According to cryptocurrency market analysis platform IntoTheBlock, Genesis Trading still holds 32,256.47 BTC, worth approximately $2.15 billion at the current market price. Genesis Trading's continued holdings of BTC highlight the complex and evolving nature of the cryptocurrency market. Despite the company's financial difficulties, it still maintains a substantial position in one of the most valuable cryptocurrencies. The market will continue to monitor Genesis Trading's situation closely as it navigates the bankruptcy process and determines the fate of its BTC holdings.

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