Digital Currency Group (DCG) currently has $2 billion worth of loans according to a letter sent to shareholders today.
In a shareholder letter sent to investors on Tuesday, Digital Currency Group CEO Barry Silbert outlined the state of the company’s lending situation.
Digital Currency Group revealed that it has borrowed $575 million from Genesis Global Capital, its own subsidiary. Silbert also revealed the existence of a $1.1 billion promissory note connected to the collapse of Three Arrows Capital. DCG also has a $350 million credit facility from a group of lenders led by Eldridge Industries.