June 14, 2024
Grayscale Bitcoin Trust Operator Faces Board Changes
Latest Cryptocurrency News

Founder Barry Silbert Steps Down from Grayscale Board

Grayscale Investments, the firm specializing in cryptocurrency investment that oversees the Grayscale Bitcoin Trust, has publicized the departure of key figures from its board. Barry Silbert, the CEO and founder of Digital Currency Group (DCG), the entity that acts as the parent company of Grayscale, will step down from his position on Grayscale’s board of directors.

This move, confirmed officially through an 8-K filing with the US Securities and Exchange Commission on December 26, was disclosed alongside DCG president Mark Murphy’s decision to resign from the Grayscale board. Both Silbert and Murphy will formally leave their positions on January 1, 2024. In their place, the board will welcome new members Mark Shifke, Matthew Kummell, and Edward McGee.

As outlined in the announcement, the board composition as of January 1, 2024, will comprise Mr. Shifke, Mr. Kummell, Michael Sonnenshein, and Mr. McGee. These individuals will also retain the authorities previously bestowed upon them as officers as per the sponsor’s limited liability company agreement.

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