DCG suspends dividends until further notice amid Genesis woes
Join Our Telegram channel to stay up to date on breaking news coverage Digital Currency Group, one of the largest companies in the crypto industry, has suspended dividends until further notice. The company has said that the current market conditions necessitated the decision. DCG suspends dividends DCG sent out a letter to shareholders saying that the company was focused on strengthening its balance sheet by lowering expenses to sustain liquidity. One of the ways that the company planned to achieve this is by suspend ing dividend s. “DCG has been focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity. As such, we have made the decision to suspend DCG’s quarterly dividend distribution until further notice ,” the company said. DCG is also considering selling some assets in its portfolio. DCG affected by Genesis woes DCG owns several crypto companies, including the troubled crypto lending platform Genesis Global Tr...