Cryptocurrency investment firm Grayscale Investments, the operator of the Grayscale Bitcoin Trust, has announced board resignations of prominent executives.
Barry Silbert, the founder and CEO of Digital Currency Group (DCG) — the parent company of Grayscale — is resigning from Grayscale’s board of directors, the firm officially announced on Dec. 26 in its 8-K filing with the United States Securities and Exchange Commission.
According to the filing, DCG president Mark Murphy has also announced his resignation from the Grayscale board. Both resignations are effective Jan. 1, 2024, with new members Mark Shifke, Matthew Kummell and Edward McGee joining the board.
“Effective January 1, 2024, the board consists of Mr. Shifke, Mr. Kummell, Michael Sonnenshein, and Mr. McGee, who also retain the authority granted to them as officers under the limited liability company agreement of the sponsor,” the announcement reads.
This is a developing story, and further information will be added as it becomes available.
