Genesis, a prominent player in the digital asset lending space, has made headlines with its recent $2.1 billion bitcoin investment. This significant move comes amid the company’s bankruptcy proceedings and has sparked discussions about its impact on the broader digital assets market.

Genesis Bankruptcy: Bitcoin Acquisition Strategy

In light of its bankruptcy situation, Genesis opted to sell off 36 million shares of the Grayscale Bitcoin Trust (GBTC) shares. This move was aimed at settling debts with creditors and navigating through the challenging financial landscape.

According to reports, Genesis liquidated the GBTC shares, yielding $2.1 billion, which was promptly used to purchase…

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