The court allowed Genesis Global to sell about 35 million shares of Grayscale Bitcoin Trust worth $1.3 billion. 🏛️ The decision was made by Judge Sean Lane at a hearing in New York. Genesis also plans to sell shares of two Grayscale Ethereum Trusts worth more than $200 million. The total amount will be about $1.6 billion. 📈

Genesis' parent company, Digital Currency Group, tried to delay the sale until a decision was made on a debt repayment plan. However, Judge Lane ruled in favor of Genesis, emphasizing the company's right to determine its divestment strategy.