DCG IS GREYSCALE
needing to buy back their own shares. is usually a thing when they over supplied the market beyond demand. and it drags the price down..
so they buy back some shares to lessen the supply so that it creates demand
one reason for the lack of demand is that many fiat institutions do not allow the purchase of greyscale shares.
for instance JPMorgan.chase. does not allow the purchase of greyscale shares but allows users to put their funds in by transfer to then play on JPMorgan trading platform.
so while barry silbert advertises trading greyscale on JPMorgan platforms
https://www.coindesk.com/jpmorgan-to-let-clients-invest-in-bitcoin-fund-for-first-time-sourcesbut,, jpmorgan not allowing the actual purchase through JPMorgan
so yea many many traders tried to get into JPMorgan platform due to greyscale advertising they can trade greyscale. but no option to purchase fresh shares
hense why greyscale seen no/low demand.
and yes barry silbert didnt even know that chase didnt allow share purchases of crypto. he prefered to ask random twitter users to find out, rather than speak to chase direct months ago
https://twitter.com/BarrySilbert/status/1385271143360307200..
so thats what happens when the guy that owns greyscale coindesk and DCG circle jerks his own media stage and platform without doing the checks to make sure its even going to work