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Digital Currency Group Reveals $2B in Liabilities, Including Debt to Its Own Subsidiary

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.

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