Grayscale Investments announces CEO change!

At that time, Mintzberg will also become a member of Grayscale's Board of Directors. Mintzberg takes over from Michael Sonnenshein, who has decided to step down to pursue other opportunities. During the transition, Edward McGee, Grayscale's Chief Financial Officer, will perform the duties of the most senior executive charged with leading the company. Mintzberg has over two decades of experience at top asset management firms worldwide and has a notable track record as an executive focused on growth and leadership in the C-suite. "Peter is an exceptional leader with a strategic vision and international experience at major asset management firms, both of which are crucial as we prepare Grayscale for further growth," said Barry Silbert, Founder and CEO of DCG. "I look forward to witnessing the successes he will achieve with Grayscale as the company continues to expand its innovative investment products."

"I have always respected Grayscale's leading position in the digital currency asset management market and am thrilled to be part of the most innovative and talented team in the industry. It is particularly exciting to join Grayscale at a time when it is capitalizing on the growing interest in digital assets," said Mr. Gonzalez. "I am grateful to Michael for his leadership at Grayscale, having been part of the team since 2014 and serving as CEO since 2021. Under his guidance, Grayscale's assets under management grew from $60 million to nearly $30 billion and played a key role in the landmark regulatory victory against the Securities and Exchange Commission. This success enabled Grayscale to register the first Bitcoin ETF on the spot market on NYSE Arca, placing the company among the giants of traditional finance." "We wish him all the best for the future."

"It has been an honor and a pleasure to work with such smart and dedicated people as we have built Grayscale into a dominant force in the industry over the past decade," said Sonnenshein. "I am especially grateful to Barry Silbert for his foresight and partnership and for giving me the opportunity to lead Grayscale's operations. With the digital currency asset class at a pivotal stage, now is the opportune time for a seamless leadership change. I wish the Grayscale team all the best for their future endeavors."

Mintzberg is leaving his role as Global Head of Strategy for Asset and Wealth Management at Goldman Sachs to join Grayscale. Prior to that, he held key international leadership positions in Strategy, M&A and Investor Relations at BlackRock, OppenheimerFunds and Invesco. Mr. Mintzberg's extensive experience spans more than two decades and he is well-versed in formulating strategies and innovating to drive growth across a broad range of client services and asset categories. Mr. Mintzberg began his professional journey at McKinsey & Co. and has worked in New York, San Francisco and São Paulo, focusing on the financial services and technology sectors.

In 2018, the Alumni Association recognized Mintzberg as a leading Latino figure in Finance. In 2016-2017, he was selected for the David Rockefeller Fellowship by the New York City Partnership. Mintzberg holds a bachelor's degree in engineering from the Federal University of Rio de Janeiro and an MBA from Harvard University. Over the last decade, Grayscale has introduced nineteen digital currency investment products that offer access to digital asset classes in a regulated, transparent format. The company also serves as an educational resource for investors, collaborates with policymakers and regulators to more fully integrate digital assets into the regulatory framework, and continues to enhance its business operations and exceptional team.