Genesis Trading Holds Vast Quantity of Bitcoin Worth $2.15 Billion
Publication Time:2024-07-26 19:46:04
Recent data from IntoTheBlock reveals that, despite declaring bankruptcy in January 2023 due to the collapse of FTX, Genesis Trading still possesses a significant quantity of Bitcoin. Specifically, they hold 32,256.47 Bitcoins, which, based on current market prices, equates to a total valuation of $2.15 billion. This finding underscores the resilience of some financial institutions in maintaining their cryptocurrency portfolios even during periods of intense market volatility and corporate distress.
Genesis Trading
Market Turmoil
Bitcoin Reserves
FTX Collapse
Value Assessment