Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022

From a consolidated balance sheet perspective, DCG held total assets of $5.3 billion as of Dec. 31, 2022, the report said. This included cash and cash equivalents of just $262 million. Investment assets, including tokens, Grayscale trust shares, venture and fund investments amounted to $670 million. The remaining assets consist mostly of assets held by divisions Grayscale and Foundry, according to DCG.

Source: https://www.coindesk.com/business/2023/02/27/crypto-conglomerate-digital-currency-group-reports-loss-of-11b-in-challenging-2022/?utm_medium=referral&utm_source=rss&utm_campaign=headlines