DCG has announced a $250 million share repurchase program for LTCN, NZEN, ZCSH and other Grayscale products.
Like its previous share repurchase announcement, DCG's Wednesday statement didn’t specify the reasoning behind its latest buyback.
Grayscale is the world’s largest crypto asset manager with nearly $27 billion in assets under management, to the latest data. The value of Grayscale’s holdings has declined from a peak of around $43.6 billion in November, reflecting a sharp pullback in the price of Bitcoin and the broader cryptocurrency market.
The value of Grayscale investment products has declined from their peak in November 2021. Source: YCharts
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