FTX sells 30 million locked SOLs at a discounted price of $64, valued at $1.9 billion
FTX sold as many as 30 million locked SOLs at $64 each, totaling about $1.9 billion, to pay off its own debt.Solana has the largest percentage of FTX's digital asset holdings, and since FTX's collapse in November 2022, investors have scrambled to get a piece of the company's Solana holdings. Galaxy Trading set up a $620 million fund to acquire FTX's discounted SOL, according to Bloomberg.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Rio Tinto Signs Interim Agreement With Australian Indigenous Group
Goldman Sachs reiterates Buy rating on Nestlé
Diamond Food Indonesia announces extraordinary shareholders meeting
Rukun Raharja unit buys 5% stake in Layar Nusantara Gas
Crypto prices
More
