Cryptocurrencies
Digital Currency Group Posts 59% Climb in Fourth-Quarter Revenue
- DCG unit Grayscale operates the world’s largest Bitcoin fund
- Quarterly revenue at DCG hit $210 million amid a crypto rally
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Digital Currency Group, whose unit Grayscale Investments LLC manages the world’s biggest Bitcoin fund, posted a 59% increase in revenue during the fourth quarter.
Consolidated revenue rose to $210 million in the three-month period compared with $132 million a year earlier, according to a letter to investors seen by Bloomberg News. The Stamford, Connecticut-based private company said EBITDA — or earnings before interest, taxes, depreciation and amortization — came in at $99 million.