{"id":52111,"date":"2021-11-01T14:29:52","date_gmt":"2021-11-01T12:29:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52111"},"modified":"2025-09-03T08:36:20","modified_gmt":"2025-09-03T05:36:20","slug":"digital-currency-group-valued-at-10-billion-after-private-sale-of-existing-shareholders-stock-worth-700-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/digital-currency-group-valued-at-10-billion-after-private-sale-of-existing-shareholders-stock-worth-700-million\/","title":{"rendered":"Digital Currency Group valued at $10 billion after private sale of existing shareholders&#8217; stock worth $700 million"},"content":{"rendered":"<p>Digital Currency Group (DCG), led by Barry Silbert, was valued at $10 billion following a private sale of existing shareholders&#8217; securities totaling $700 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Proud to welcome SoftBank, CapitalG, Ribbit, GIC, Tribe and Emory to an already fantastic list of DCG shareholders<\/p>\n<p>And even more proud of the ~1,000 employees of <a href=\"https:\/\/twitter.com\/DCGco?ref_src=twsrc%5Etfw\">@DCGco<\/a> and our wholly-owned subsidiaries that made this happen<a href=\"https:\/\/t.co\/uajWlKXV4D\">https:\/\/t.co\/uajWlKXV4D<\/a><\/p>\n<p>\u2014 Barry Silbert (@BarrySilbert) <a href=\"https:\/\/twitter.com\/BarrySilbert\/status\/1455130214976139268?ref_src=twsrc%5Etfw\">November 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The round included CapitalG (the Alphabet Inc.-backed investment arm), SoftBank&#8217;s Vision Fund 2 and Latin America Fund, and Ribbit Capital.<\/p>\n<p>According to the WSJ, SoftBank&#8217;s chief Marcelo Claure described DCG as &#8220;the single best asset that gives us a wide range of opportunities to work with cryptocurrencies&#8221;.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The typical reason why companies go public or rush to become public is to solve a liquidity problem or raise money for acquisitions, but we don&#8217;t have such pressure,&#8221; he noted.<\/p>\n<\/blockquote>\n<p>Silbert, who owns about 40% of DCG, did not participate in the stock sale.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"cs\" dir=\"ltr\">HODL <a href=\"https:\/\/t.co\/WmuQJ3XXGQ\">https:\/\/t.co\/WmuQJ3XXGQ<\/a><\/p>\n<p>\u2014 Barry Silbert (@BarrySilbert) <a href=\"https:\/\/twitter.com\/BarrySilbert\/status\/1455147676727644161?ref_src=twsrc%5Etfw\">November 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/www.theblockcrypto.com\/linked\/122781\/dcg-sells-700-million-in-stock-deal-nabbing-10-billion-valuation\">The Block<\/a> citing DCG clarified that the deal allowed early investors to &#8220;take some profit on their investment in the company&#8221;.<\/p>\n<p>The group includes the asset-management company Grayscale Investments, the prime broker Genesis, the CoinDesk publication, <a href=\"https:\/\/forklog.com\/en\/news\/digital-currency-group-buys-cryptocurrency-exchange-luno\">acquired<\/a> in September 2020 the cryptocurrency exchange Luno and <a href=\"https:\/\/forklog.com\/en\/news\/digital-currency-groups-barry-silbert-enters-bitcoin-mining\">the mining company Foundry.<\/a><\/p>\n<p>In September, SoftBank through Vision Fund 2 backed the blockchain company Blockdaemon in <a href=\"https:\/\/forklog.com\/en\/news\/softbank-leads-155-million-series-b-for-blockchain-company-blockdaemon\">a fundraising round of $155 million<\/a>.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital Currency Group (DCG), led by Barry Silbert, was valued at $10 billion following a private sale of existing shareholders&#8217; securities totaling $700 million.<\/p>\n","protected":false},"author":1,"featured_media":52112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[184],"class_list":["post-52111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dcg"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=52111"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52111\/revisions"}],"predecessor-version":[{"id":52113,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52111\/revisions\/52113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/52112"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=52111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=52111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=52111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}