Grayscale CEO Michael Sonnenshein steps down

In a regulatory filing, Grayscale Investments, the sponsor of Grayscale Bitcoin Trust (GBTC), announced that it has approved the appointment of Peter Mintzberg to serve as Grayscale’s new CEO and the principal executive officer of the company, and a member of the Board of Directors of Grayscale, effective August 15, 2024. Mintzberg will succeed Michael Sonnenshein, the current CEO of Grayscale and the principal executive officer of the company, who has decided to step down from his position, effective immediately. Edward McGee, the CFO of Grayscale and principal financial officer of the company, will serve as principal executive officer on an interim basis until Mintzberg’s commencement date. Mintzberg joins Grayscale from Goldman Sachs (GS) where he currently holds the position of Global Head of Strategy for Asset and Wealth Management.