Digital Currency Group's Valuation Doubles to $4.4 Billion in 2023

The company repaid over $1 billion in debt and faced an expanded lawsuit by the NYAG seeking $3 billion in restitution.

Digital Currency Group (DCG) reported a 59% increase in year-over-year revenue, with its valuation reaching $4.4 billion in 2023.
DCG repaid more than $1 billion in debt amidst ongoing legal challenges, including a broadened lawsuit by the New York Attorney General (NYAG).
The NYAG's lawsuit now seeks $3 billion in restitution, alleging that DCG, along with Genesis and Gemini, defrauded investors.
DCG objected to the proposed Genesis bankruptcy plan, arguing it violates U.S. bankruptcy law by favoring a small group of creditors.
Grayscale, owned by DCG, saw its GBTC begin trading as an ETF on NYSE Arca, marking a significant moment for the industry.