The redemption plan appears to heavily favor employees and Parrot’s venture investors. Last November, Parrot finance unlocked all remaining team and VC tokens two years ahead of schedule. Community members claim the modified vesting schedule gives these insiders a redemption price of $0.055, 22% higher than the original, public investors.
DCG, parent of GBTC Sponsor, Reports Q1 Revenue of $229M
In January, Grayscale converted GBTC, which had been in existence as a closed-end fund for over a decade, into a...