Digital Currency Group (DCG) announced a first-quarter revenue surge of 11% to $229 million, with Grayscale contributing $156 million. Despite heavy redemptions and reduced fees post-Grayscale Bitcoin Trust (GBTC) conversion to an ETF, revenue remained steady. DCG’s ventures Foundry and Luno also saw significant revenue boosts. The company cited industry developments like ETF approvals and Bitcoin’s record highs as contributing factors.
