Grayscale parent DCG Q1 earnings: $229 million in revenue, up 51% year-over-year
Grayscale parent company DCG has reportedly released its Q1 earnings report. The data shows that its revenue reached $229 million, up 51 percent year-over-year, driven by rising cryptocurrency prices. Revenue for Grayscale was $156 million, flat from the previous quarter, according to an investment letter. The rise in the price of bitcoin led to a cut in its fee income and the impact of capital outflows.
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