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Grayscale Issues $4.7M in ZEN Shares to Qualified Investors
In a recent move, digital asset manager Grayscale has made significant strides with its Horizen Trust (ZEN) by privately issuing 3,565,200 shares to a select group of “qualified investors.” This notable development is detailed in the company’s latest 8-K filing with the United States Securities and Exchange Commission (SEC).
As outlined in the filing, Grayscale distributed approximately 304,034 ZEN tokens, valued at $4.7 million. This substantial issuance highlights the company’s unwavering commitment to expanding institutional investment opportunities within the crypto space.
Grayscale has positioned itself as a pioneering player in the evolving digital asset landscape by targeting qualified investors with its ZEN trust.
Source: coinpedia.org
