On February 9, a spokesperson for Digital Currency Group (DCG) revealed that the company's total revenue last year was approximately US$800 million. Although it was lower than the US$1 billion in 2021, it still set the second highest annual revenue since DCG was founded. It is reported that Genesis is seeking to sell its crypto lending and trading business, and DCG has been weighing whether to sell the crypto media company CoinDesk. DCG may only have two major profit-making institutions left, namely Grayscale, a crypto asset management and trust company, and Foundry, a crypto mining business. If Genesis is eventually sold, DCG's future may depend on the rebound in Bitcoin prices.
