Digital Currency Group (DCG) recently unveiled its third-quarter revenue, revealing a 23% climb. This uptick starkly contrasts the tumultuous market fluctuations observed in 2022.
According to the report, the crypto industry’s recent resurgence has bolstered DCG’s financial performance. The group’s consolidated revenue scaled to $188 million for this year’s third quarter, marking a significant leap from the $153 million reported in the same quarter of the previous year.
Grayscale: The Revenue Powerhouse For DCG
The DCG umbrella includes several businesses, but the standout contributor to its Q3 earnings was Grayscale Investments LLC, its asset management unit. According to the investor letter, Grayscale alone accounted for a substantial $126 million of DCG’s total revenue for the period.
This surge in Grayscale’s revenue is intertwined with recent positive developments in its endeavors. Notably, a US court has cemented Grayscale’s triumph in its push to establish a spot i
We współpracy z: https://bitcoinist.com/dcg-records-surge-in-q3-revenue-amid-bitcoin-etf/
