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Alameda Research Seeks Support from Grayscale Bitcoin Trust Shareholders in Ongoing Lawsuit

Alameda Research, a bankrupt crypto investment firm, is seeking the support of GBTC shareholders who hold at least 10% of Grayscale’s Bitcoin Trust shares in its lawsuit against Grayscale and its parent company, DCG. Alameda plans to file an amended complaint against Grayscale, and is in talks with several unnamed GBTC shareholders who are willing to join as co-plaintiffs. Bitcoin Magazine CEO David Bailey has urged GBTC shareholders to join the lawsuit, stating that it will affect all shareholders and determine if they are investors or hostages. Grayscale is currently engaged in a legal dispute with the SEC over its plan to convert its Bitcoin Trust into an ETF.

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