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
Malaysian Crown Prince-backed telecom company Bullish Aim launches ringgit stablecoin RMJDT
Stablecoin public chain Tempo has launched its public beta
gensyn will launch its token public sale on December 15
The Dow Jones Index closed down 179.03 points, and the S&P 500 Index edged lower.
Trending news
MoreCrypto prices
More
