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DCG is one of the most active investors in the blockchain sector, with a mission to accelerate the development of a better financial system through the proliferation of digital assets and blockchain technology. Today, DCG is at the epicenter of the industry, backing more than 200 blockchain-related companies in over 35 countries. DCG also invests directly in digital currencies and other digital assets. In addition to its investment portfolio, DCG is the parent company of Genesis, Grayscale Investments, CoinDesk, Foundry, Luno, and TradeBlock.
Zcash Mining Firm Plans Merger with HeartSciences, Sending the Latter’s Stock Soaring
Fortitude Mining, a Zcash mining firm under Digital Currency Group, has announced the signing of a definitive merger agreement with HeartSciences Inc., a Nasdaq-listed small-cap medical technology company, to combine the two entities. Following the announcement, HeartSciences’ stock price rose approximately 60% during intraday trading on Tuesday, closing with a gain of about 55% at $2.70.Fortitude primarily engages in Zcash mining operations. Despite ZEC's recent weak performance, DCG founder and CEO Barry Silbert stated that Zcash remains one of the most attractive opportunities in the digital asset space.Fortitude CEO Andrea Childs noted that the merger is not based on business synergies, but rather aimed at gaining access to public capital markets, thereby securing more flexible financing channels to accelerate its core strategy. This includes a Zcash-focused "venture mining" platform and continued expansion into high-return opportunities within its power asset portfolio.Both parties expect the transaction to be completed in the second half of this year. The deal also indicates that some crypto mining firms are attempting to access capital markets through mergers with publicly listed companies to support their future expansion.
On-chain trading ecosystem TurboFlow completes $6 million seed funding round, led by Pantera Capital
according to official sources, the on-chain trading ecosystem TurboFlow has announced the completion of a $6 million seed funding round, led by Pantera Capital, with strategic participation from quantitative trading giant Susquehanna Crypto (SIG Crypto) and Digital Currency Group (DCG). The funds will be used to integrate perpetual contracts and prediction markets into a high-performance platform, enabling broader access to sophisticated trading products.It is reported that TurboFlow is an on-chain trading ecosystem that combines perpetual contracts and prediction markets, dedicated to providing retail users with professional-grade market infrastructure.
Pantera and Other Investors Push Satsuma to Sell $50 Million Bitcoin Reserve
Odaily Odaily Planet Daily reports that investors including Pantera Capital Management are pushing UK Bitcoin reserve company Satsuma to sell its $50 million Bitcoin reserve. In August 2025, Satsuma shifted to an "AI-driven" Bitcoin reserve strategy, successfully raising £164 million (approximately $221 million) through convertible loan notes. The round was led by ParaFi Capital, with participation from Pantera, Digital Currency Group (DCG), Kraken, Arrington Capital, and others.It is reported that Satsuma confirmed that some shareholders have "demanded a return of capital," but did not disclose the specific identities of those shareholders. In an email statement, Satsuma's Executive Chairman Ranald McGregor-Smith said the company is exploring options to facilitate these requests while protecting the interests of all shareholders. (The Block)
Privacy coin sector market cap increased by $24.54 billion over 5 months, with ZEC and XMR leading growth
Odaily News: Over the past five months, the market cap of the privacy coin sector grew from $11.97 billion to $36.51 billion, an increase of $24.54 billion, or approximately 205%. Among them, Zcash (ZEC) market cap increased by $20.27 billion, while Monero (XMR) increased by $4.33 billion.In January, the U.S. Securities and Exchange Commission (SEC) concluded its investigation into the Zcash Foundation without recommending enforcement action. On August 25, digital asset management company Grayscale converted Zcash Trust into the ZCSH spot ETF and listed it on NYSE Arca, making it the first listed privacy coin spot ETF in the United States.On September 8, Digital Currency Group (DCG) exchanged ZEC for approximately $100 million worth of ZCSH ETF shares. During the same period, the price of ZEC rose from $319 to $1,507, while XMR rose from $330 to $555. (Bitcoin.com News)
American Judge Revives Fraud Claims Against Barry Silbert and DCG
Odaily A federal judge for the U.S. District Court for the District of Connecticut has revived common law fraud claims in the Genesis Yield lawsuit against Digital Currency Group founder Barry Silbert, DCG, and other defendants, while allowing federal securities law claims in the case to proceed.The ruling amends a prior decision by the court from February of this year. The plaintiffs had argued that the court has jurisdiction to hear their state law claims under the Class Action Fairness Act. Judge Stefan Underhill accepted this argument and reopened the relevant state law claims.The case revolves around the defunct Genesis Yield lending program, which allowed users to deposit crypto assets and earn interest. Investors allege that Silbert, DCG, and other defendants misled customers about the company's financial health and risk controls before Genesis suspended withdrawals and filed for bankruptcy in early 2023.However, not all state law claims were revived. The court dismissed consumer protection claims from four states and stayed related claims from three others. Overall, the ruling re-centers the dispute regarding fraud liability for DCG and Silbert as a focal point of the case. (The Block)
Grayscale Zcash ETF Assets Reach $1 Billion, Net Inflows Account for Less Than 30%
Odaily News — Digital asset management firm Grayscale's Zcash ETF (ZCSH) reached $1 billion in net assets as of September 24, with cumulative net inflows of $306.12 million, accounting for less than 30%. The fund began trading on NYSE Arca on August 25 and surpassed $500 million in assets within two weeks.ZCSH was renamed from Grayscale Zcash Trust, which was established in October 2017 and already held ZEC at the time of listing; meanwhile, the price of ZEC has roughly doubled since the ETF's listing, driving the fund's asset growth. On September 8, Grayscale's parent group DCG International Investments exchanged 85,705.32563297 ZEC for approximately $100 million in ZCSH shares. Excluding this non-cash transaction, external new capital amounted to approximately $200 million.Grayscale will implement a 3-for-1 forward split before market open on September 30, applicable to holders of record at the close of business on September 28. After the split, the net asset value per share is expected to drop to approximately one-third, the number of shares will triple, and the dollar value of holdings will remain unchanged. (Bitcoin.com News)
Grayscale Zcash ETF Assets Under Management Surpass $500 Million
According to CoinDesk, Bitcoin briefly dipped to $77,666 on Tuesday before recovering to around $78,900 during Wednesday's Asian trading session. The asset saw minimal movement over a 24-hour period, posting a weekly gain of nearly 2%. Markets are currently focused on upcoming U.S. inflation data and the Federal Reserve's interest rate decision scheduled for September 15–16. Meanwhile, Grayscale stated that its Zcash exchange-traded fund surpassed $500 million in assets under management just two weeks after its debut on NYSE Arca. Trading under the ticker ZCSH, the fund has attracted over $70 million in net inflows since its launch on August 25 and secured a $100 million investment from DCG International Investments. It currently holds more than 550,000 ZEC, representing approximately 3% of the ZEC circulating supply.
American Judge Revives Fraud Claims Against Barry Silbert and DCG
Odaily A federal judge for the U.S. District Court for the District of Connecticut has revived common law fraud claims in the Genesis Yield lawsuit against Digital Currency Group founder Barry Silbert, DCG, and other defendants, while allowing federal securities law claims in the case to proceed.The ruling amends a prior decision by the court from February of this year. The plaintiffs had argued that the court has jurisdiction to hear their state law claims under the Class Action Fairness Act. Judge Stefan Underhill accepted this argument and reopened the relevant state law claims.The case revolves around the defunct Genesis Yield lending program, which allowed users to deposit crypto assets and earn interest. Investors allege that Silbert, DCG, and other defendants misled customers about the company's financial health and risk controls before Genesis suspended withdrawals and filed for bankruptcy in early 2023.However, not all state law claims were revived. The court dismissed consumer protection claims from four states and stayed related claims from three others. Overall, the ruling re-centers the dispute regarding fraud liability for DCG and Silbert as a focal point of the case. (The Block)
Kraken Will Soon List Bittensor Subnet Alpha Token
Barry Silbert, Founder and CEO of Grayscale's parent company DCG, disclosed via a repost on X that Kraken is about to list Bittensor subnet Alpha tokens. The first batch of listed tokens includes: Chutes, Targon, Score, Ridges AI, Hippius, etc.
Zcash Mining Firm Plans Merger with HeartSciences, Sending the Latter’s Stock Soaring
Fortitude Mining, a Zcash mining firm under Digital Currency Group, has announced the signing of a definitive merger agreement with HeartSciences Inc., a Nasdaq-listed small-cap medical technology company, to combine the two entities. Following the announcement, HeartSciences’ stock price rose approximately 60% during intraday trading on Tuesday, closing with a gain of about 55% at $2.70.Fortitude primarily engages in Zcash mining operations. Despite ZEC's recent weak performance, DCG founder and CEO Barry Silbert stated that Zcash remains one of the most attractive opportunities in the digital asset space.Fortitude CEO Andrea Childs noted that the merger is not based on business synergies, but rather aimed at gaining access to public capital markets, thereby securing more flexible financing channels to accelerate its core strategy. This includes a Zcash-focused "venture mining" platform and continued expansion into high-return opportunities within its power asset portfolio.Both parties expect the transaction to be completed in the second half of this year. The deal also indicates that some crypto mining firms are attempting to access capital markets through mergers with publicly listed companies to support their future expansion.
Related news
Grayscale Zcash ETF Assets Reach $1 Billion, Net Inflows Account for Less Than 30%
Odaily News — Digital asset management firm Grayscale's Zcash ETF (ZCSH) reached $1 billion in net assets as of September 24, with cumulative net inflows of $306.12 million, accounting for less than 30%. The fund began trading on NYSE Arca on August 25 and surpassed $500 million in assets within two weeks.ZCSH was renamed from Grayscale Zcash Trust, which was established in October 2017 and already held ZEC at the time of listing; meanwhile, the price of ZEC has roughly doubled since the ETF's listing, driving the fund's asset growth. On September 8, Grayscale's parent group DCG International Investments exchanged 85,705.32563297 ZEC for approximately $100 million in ZCSH shares. Excluding this non-cash transaction, external new capital amounted to approximately $200 million.Grayscale will implement a 3-for-1 forward split before market open on September 30, applicable to holders of record at the close of business on September 28. After the split, the net asset value per share is expected to drop to approximately one-third, the number of shares will triple, and the dollar value of holdings will remain unchanged. (Bitcoin.com News)
Privacy coin sector market cap increased by $24.54 billion over 5 months, with ZEC and XMR leading growth
Odaily News: Over the past five months, the market cap of the privacy coin sector grew from $11.97 billion to $36.51 billion, an increase of $24.54 billion, or approximately 205%. Among them, Zcash (ZEC) market cap increased by $20.27 billion, while Monero (XMR) increased by $4.33 billion.In January, the U.S. Securities and Exchange Commission (SEC) concluded its investigation into the Zcash Foundation without recommending enforcement action. On August 25, digital asset management company Grayscale converted Zcash Trust into the ZCSH spot ETF and listed it on NYSE Arca, making it the first listed privacy coin spot ETF in the United States.On September 8, Digital Currency Group (DCG) exchanged ZEC for approximately $100 million worth of ZCSH ETF shares. During the same period, the price of ZEC rose from $319 to $1,507, while XMR rose from $330 to $555. (Bitcoin.com News)
Fortitude Mining secures $50 million credit facility from DCG
According to Odaily, parent company Digital Currency Group has increased Fortitude Mining's existing credit facility from $26 million to $50 million, with an additional commitment of $24 million. Fortitude Mining currently has approximately $31 million in available borrowing, which is expected to be fully disbursed in ZEC to fund the procurement of 9,000 Zcash ASIC miners, as well as capital expenditures for building and acquiring data centers, power infrastructure, and more.
Zcash mining firm Fortitude appoints former Hut 8 CEO, advancing reverse merger listing process
Odaily News: Fortitude Mining, a Zcash mining-focused subsidiary under Digital Currency Group (DCG), has announced the appointment of Jaime Leverton, former CEO of Nasdaq-listed mining company Hut 8, as its new CEO to accelerate its reverse merger with Nasdaq medical technology company HeartSciences as part of a backdoor listing process.Leverton will officially take office on September 21 and will lead the newly listed company upon completion of the merger, while former CEO Andrea Childs will transition to CEO. The all-stock merger transaction was announced in June of this year, and the combined entity plans to rename itself Fortitude and trade on Nasdaq under the ticker symbol TUDE, with DCG expected to hold approximately 95% of the shares. Fortitude was spun off from Foundry's proprietary mining division in January 2025 and produced a cumulative 72,696 ZEC in the first half of 2026. (The Miner Mag)
Grayscale Zcash ETF Assets Under Management Surpass $500 Million
According to CoinDesk, Bitcoin briefly dipped to $77,666 on Tuesday before recovering to around $78,900 during Wednesday's Asian trading session. The asset saw minimal movement over a 24-hour period, posting a weekly gain of nearly 2%. Markets are currently focused on upcoming U.S. inflation data and the Federal Reserve's interest rate decision scheduled for September 15–16. Meanwhile, Grayscale stated that its Zcash exchange-traded fund surpassed $500 million in assets under management just two weeks after its debut on NYSE Arca. Trading under the ticker ZCSH, the fund has attracted over $70 million in net inflows since its launch on August 25 and secured a $100 million investment from DCG International Investments. It currently holds more than 550,000 ZEC, representing approximately 3% of the ZEC circulating supply.
Fortitude Crypto Mined ZEC at Scale in Q2, Generating Over $20 Million in Revenue
Odaily News - Barry Silbert, founder of DCG, the parent company of Grayscale, stated on the X platform that Fortitude Crypto had a strong second quarter, is conducting large-scale ZEC mining operations, and is moving toward the public market.Fortitude reported Q2 revenue of $20.9 million, adjusted EBITDA of $8.5 million, and a net loss of $9.5 million for the quarter. The company mined approximately 33,646 ZEC during the quarter, with an average hashrate of 4.0 GSol/s.