On Thursday, the Digital Currency Grouping (DCG) announced that it has raised $600 1000000 in a new credit facility, making its debut into the debt capital markets. The debt funding round was led by private equity business firm Eldridge.

The company stated that the increase, which provides DCG with a credit facility enabling it to draw on as needed, "enhances DCG's strategic, operational, and financial capabilities" by lowering its toll of capital and boosting the evolution of its investment portfolio and fully owned enterprises.

Davidson Kempner Capital Management, Francisco Partners, and Capital letter Group were among the investors in the round. The firm intends to use the new greenbacks infusion to grow its investment portfolio and wholly-endemic operations, according to DCG.

The Digital Currency Group is a major player in the crypto infinite. Grayscale Investment, which is run by DCG, manages more than $50 billion in avails. In mid-October, DCG's chief Barry Silbert declared that the house is considering transitioning to a spot-settled ETF.

Related: Grayscale parent visitor expands GBTC purchase resource allotment to $one billion

The heighten comes 2 weeks subsequently DCG sold $700 meg worth of shares led by a pair of SoftBank funds. The sale raised the value of the visitor to $ten billion. In a Wall Street Journal interview, Adam Silbert stated that the investment was not meant to raise coin for DCG, only rather "an opportunity for early on investors to exit and take profits." The company claimed that all of the money raised was paid out to the selling shareholders, with none of them selling their entire stake.