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DCG’s Barry Silbert reveals crypto agency has $2 billion in debt as he tries to calm buyers after FTX

DCG’s Barry Silbert reveals crypto agency has $2 billion in debt as he tries to calm buyers after FTX

8 thoughts on “DCG’s Barry Silbert reveals crypto agency has $2 billion in debt as he tries to calm buyers after FTX”

  1. If your booking $800M in revenue per year – so why do you need or have $2B in debt?
    Did not explain what the debit was for? ie sources and uses of funds. Or bad trades?

    Reply
  2. The thing that motivates people to buy GBTC at a “Discount” is the same thing that motivated them to lend their BTC to Celcius which is also the same thing that led them to leveraged trading at FTX. It’s Greed guys… and to run one of these Empires you have to be among the greediest of all humans. Stay Humble and stack Sats.

    Reply

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