Digital Currency Group (DCG) has begun selling shares in cryptocurrency funds managed by its subsidiary Grayscale Investments to raise capital and maintain liquidity, the Financial Times reported.
DCG has been severely affected by the fall of FTX. More than 500 employees have been laid off in the past few weeks. Major cryptocurrency news outlet CoinDesk, a DCG subsidiary, has hired advisors at Lazard, a top financial advisory and asset management firm, to evaluate selling options after it claimed to have received offers exceeding $200m.
