DCG reported a loss of $1.1 billion in 2022, with cash and cash equivalents totaling only $262 million

ChainCatcher news, the Digital Currency Group (DCG) report shows a loss of $1.1 billion last year, reflecting not only the negative impact of falling Bitcoin and cryptocurrency prices but also the effect of Three Arrows Capital's default on Genesis.

From a consolidated balance sheet perspective, as of December 31, 2022, DCG held total assets of $5.3 billion. This includes only $262 million in cash and cash equivalents, while investment assets, including tokens, Grayscale trust shares, venture capital, and fund investments, totaled $670 million. According to DCG, the remaining assets are primarily held by Grayscale and the mining division. DCG's fourth-quarter revenue was $143 million, with a loss of $24 million. The total comprehensive revenue for the year was $719 million. (CoinDesk)