Barry Silbert’s Digital Currency Group Seeks to Refinance Debt

Barry Silbert’s Digital Currency Group is in talks to refinance the debt owed to bankrupt lending subsidiary Genesis Global Holdco and to raise capital for further growth, the crypto company said in a post Tuesday.

DCG’s roughly $1.7 billion of debt owed to Genesis includes a $630 million loan due this week, an April bankruptcy filing shows. Apart from this, DCG no longer has any third-party debt, it said in a first-quarter shareholder letter obtained by Bloomberg.

DCG declined to provide any additional details.

In February, Genesis and its creditors, including Gemini Trust Co., came up with a preliminary ...