Digital Currency Group Achieves $10B Valuation in $700M Secondary Sale

Digital Currency Group Achieves B Valuation in 0M Secondary Sale
CORRECTION (Nov. 1, 13:05 UTC): Corrects that transaction was a secondary sale of DCG shares, did not raise new funds.Digital Currency Group (DCG), the crypto investment company whose holdings include asset manager Grayscale, crypto lender Genesis and independent news outlet CoinDesk, sold $700 million of stock in a private sale led by a pair of SoftBank funds.The sale valued the firm at $10 billion and included contributions from GIC Capital, Ribbit Capital and CapitalG, the private equity arm of Google’s holding company, Alphabet, the Wall Street Journal reported.Marcelo Claure, chief executive of SoftBank, described DCG as the “single-best asset that…