DCG valuation tops $4.4B in 2023

Digital Currency Group posted a 59% jump in year-over-year revenue, according to a quarterly shareholder letter. 

The letter, shared with Blockworks, announced that the company’s valuation doubled to $4.4 billion in 2023, up from $2.2 billion in 2022. 

The company, helmed by CEO Barry Silbert, repaid a billion in debt. Consolidated revenues came in at $749 million, slightly down in comparison to 2022’s $813 million. 

The letter also added that the broadening of the New York Attorney General’s lawsuit against Gemini, Genesis and DCG last week is the “same baseless complaint recirculated.”

NYAG Letitia James announced that she was tripling the restitution amount last week….

Read more on Blockworks

68.2K Reads