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Digital Currency Group Raises $600M in New Credit Facility
The financing follows a recent $700 million secondary equity transaction that valued the company at $10 billion.
By Aoyon Ashraf
Updated May 11, 2023, 7:04 p.m. Published Nov 18, 2021, 1:49 p.m.
Digital Currency Group (DCG), the crypto investment company whose holdings include asset manager Grayscale, crypto lender Genesis and independent news outlet CoinDesk, said it raised $600 million in a new credit facility, marking its first entry into the debt capital markets.
- “This financing strengthens our ability to respond dynamically to opportunities in the market,” said DCG Founder and CEO Barry Silbert in a statement.
- The credit facility’s administrative agent was Eldridge and the syndicate included institutional lenders and funds managed by Capital Group, Davidson Kempner Capital Management and Francisco Partners, among others.
- “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,” Silbert said.
- The raise comes two weeks after DCG sold $700 million through a secondary stock sale led by a pair of SoftBank funds. The sale valued the company at $10 billion.
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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- One U.S.-based role will help grow the iShares digital asset ETF lineup, including the $70 billion iShares Bitcoin Trust (IBIT), and develop new crypto-linked products.
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