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Digital Currency Group wraps up $600 million debt capital raise

Grayscale’s parent company Digital Currency Group has completed another financing. This time, it involved $600 millions . On Wednesday, Digital Currency Group (DCG), confirmed that it had raised $ 600 millions through a debt capital raising following a secondary equity transaction of $700million. It is home to some of the most prominent names in the…

Grayscale’s parent company Digital Currency Group has completed another financing. This time, it involved $600 millions

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On Wednesday, Digital Currency Group (DCG), confirmed that it had raised $ 600 millions through a debt capital raising following a secondary equity transaction of $700million. It is home to some of the most prominent names in the blockchain industry, including Grayscale, the digital asset manager. Other subsidiaries that it owns are CoinDesk, a cryptocurrency news outlet, and Genesis, a full-service digital currency prime brokerage.

A shared media release , revealed that Elbridge was the agent responsible for the administration of the credit facility.

The emergence of the debt capital market

This is the first time that a Manhattan-based private company has moved in the capital markets. The new credit facility will be used by the crypto investment company to expand its portfolio. The funding had boosted the company’s’strategic and operational’ financial capabilities.

Barry Silbert, chief executive of the firm, said that the capital would better position them to seize industry opportunities.

“We’ve solidified our premier market position in recent years through the development and growth of our diversified subsidiaries, continued expansion of our investment portfolio, and via acquisitions,” the firm’s Chief financial officer Michael Kraines added. “This debt financing is an important milestone to ensure DCG continues to play a leading role in the financing and development of this remarkably dynamic sector.”

DCG currently manages more than $50 trillion assets. There were many parties involved in the debt raise, including creditors and funds managed jointly by Capital Group, Francisco Partners and Davidson Kempner Capital Management.

Silbert extolled the collaborations noting, “We’re very pleased to partner with this cohort of high-quality institutional lenders and, as a profitable and rapidly growing company, we are fortunate to be able to access this growth financing with an attractive cost of capital.”

$700 million secondary stock sale

The maiden million debt funding round comes a few days after the company attained the milestone of a $10 billion valuation after completing a $700 million secondary stock sale. SoftBank led the sale, along with Ribbit Capital (Alphabet’s CapitalG). The giant crypto entity had previously raised $25 millions before it reached decacorn status.

DCG was one of few privately-held companies that has a large valuation. Silbert made a comment about secondary stock sales, noting that the goal was not to raise capital, but to give investors the opportunity to make profits. The funds raised were divided among shareholders who sold their shares. None of them chose to release all their shares.

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Bitcoin User Accidentally Hands Over $105,000 Fee on $10 Transaction

On Monday, a bitcoin user managed to send nearly an entire coin to miners by mistake—sending a 0.99 BTC fee on a simple $10 transfer to Kraken. The $10 That Cost a Fortune With the average high-priority bitcoin transaction fee sitting near $0.30 today, this unlucky user shelled out roughly 222,602 times more than necessary…
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Vivek Ramaswamy-Backed Strive Expands Bitcoin Treasury to 7,525 Coins

Vivek Ramaswamy-backed Strive has expanded its bitcoin treasury, acquiring 1,567 bitcoin at an average price of $103,315, bringing its total holdings to 7,525 BTC as of Nov. 10, 2025. The company’s aggressive accumulation comes alongside its Nasdaq listing of SATA, a variable-rate perpetual preferred stock designed to amplify its bitcoin exposure…
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Germany’s AfD party proposes Bitcoin as strategic asset

The AfD party is urging Germany to treat Bitcoin as a strategic national asset. The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules. AfD is pushing Bitcoin as “state-free money” to boost sovereignty. Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin…


Germany's AfD party proposes Bitcoin as strategic asset

  • The AfD party is urging Germany to treat Bitcoin as a strategic national asset.
  • The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules.
  • AfD is pushing Bitcoin as “state-free money” to boost sovereignty.

Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin as a strategic asset.

The short, forceful proposal argues Bitcoin deserves distinct treatment from other crypto-assets and calls for tax and regulatory relief to bolster innovation and national sovereignty.

The Bitcoin strategic reserve motion by AfD

The AfD motion urges lawmakers to treat Bitcoin differently from tokens and stablecoins covered by the EU’s Markets in Crypto-Assets (MiCA) framework.

It argues Bitcoin’s decentralised design and fixed supply make it a unique form of digital value that should not be shoehorned into rules intended for centrally issued crypto instruments.

The party explicitly proposes that the government consider accumulating Bitcoin within national reserves as a hedge against inflation and currency volatility.

A central demand in the motion is tax certainty.

AfD lawmakers want to preserve the existing 12-month holding exemption for private capital gains and maintain Bitcoin’s exemption from VAT.

They also call for private mining and running Lightning Network nodes to be clearly classified as non-commercial activities, reducing administrative burdens for individual participants.

The motion stresses the right to self-custody and warns that legal uncertainty deters long-term private investment.

AfD frames the proposal as part of a broader defence of digital sovereignty.

The party opposes a European digital euro and portrays Bitcoin as “state-free money” that can protect liberties and reduce dependence on centrally issued currency instruments.

The motion arrives amid debate over Germany’s decision in mid-2024 to sell nearly 50,000 BTC seized from criminal proceedings — an action AfD and others now characterise as a policy mistake given subsequent price movements.

The proposal argues that heavy-handed national implementation of MiCA risks capital flight and diminishes Germany’s standing in blockchain innovation.

AfD lawmakers say excessive rules will push firms and talent to friendlier jurisdictions, eroding competitiveness in a field with rapidly evolving technology and commercial models.

AfD also highlights potential synergies between Bitcoin and energy policy.

The motion suggests that productive uses of excess renewable supply — including mining — could create a technological and economic fit between Germany’s energy transition and the Bitcoin network.

The party frames state accumulation of Bitcoin as a prudent diversification of reserve assets, drawing parallels to moves and proposals in other European countries that have discussed or adopted similar approaches.

Beyond urging a strategic statement from the federal government, the motion seeks concrete commitments: keep tax advantages intact, exempt certain private operations from commercial classification, enshrine self-custody rights, and open study of Bitcoin’s role in reserves and energy integration.

AfD wants the Bundestag to formally recognise Bitcoin’s distinct status and to restrain national rule-making that would extend MiCA beyond its intended scope.

The reaction from the public

Supporters in crypto circles welcomed the proposal as a sign that mainstream political debate is shifting away from dismissive tropes about digital currencies.

Critics, however, worry the plan could politicise reserve policy or clash with EU regulatory intent.

Observers note that Germany occupies an outsized spot in Europe’s economy, so any move to treat Bitcoin strategically would reverberate across markets and policy debates.

As Bundestag review AfD’s motions and the larger question of how national policy should sit alongside EU rules, whether the proposal gains traction depends on cross-party calculation about economic benefits, sovereign risk, and regulatory coherence.


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