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Grayscale parent DCG Q1 revenue was $229 million
Bitget2024/05/09 16:36
May 10, 2024 - Grayscale's parent company, Digital Currency Group (DCG), reported in Q1 2024 that the company's Q1 revenues increased 11% sequentially to $229 million.Grayscale in January converted its flagship Grayscale Bitcoin Trust Fund converted to an ETF, but its revenue was flat as higher cryptocurrency prices offset large outflows and lower management fees.DCG's other two prominent ventures, crypto mining pool Foundry and investment platform Luno, reported revenue growth of 35 percent and 46 percent, respectively.
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