DCG borrows from Genesis Capital, however “these loans are all the time structured on an arm’s size foundation and priced at prevailing market charges,” Silbert stated in Tuesday’s letter. Silbert stated DCG has his $1.1 billion promissory observe with Genesis Capital, which he’ll mature in 2032. Based on the letter, the DCG additionally stated that between January and Could 2022, at rates of interest of 10% to 12%, he would make $447.5 million (actual U.S. {dollars}, not cryptocurrencies) and 4,550 Bitcoin ( BTC), owing about $78 million price.
