Struggling crypto empire Digital Currency Group , whose Genesis Global Capital lending unit is trying to stave off bankruptcy, says it is suspending quarterly dividends to preserve cash.
The move comes as the group focuses on “strengthening our balance sheet by reducing operating expenses and preserving liquidity”, according to a January 17 letter to shareholders seen by Bloomberg News...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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