Multicoin Capital is discussing the sale of FTX bankruptcy claim rights worth about 100 million US dollars
According to CoinDesk, informed sources revealed that cryptocurrency investment firm Multicoin Capital is discussing the sale of its FTX bankruptcy claim, which is valued at about $100 million. Positive news about the FTX bankruptcy claim has pushed the price up to over 70 cents per dollar and gradually risen to around 80 cents. Companies like Multicoin that were inadvertently affected by FTX's bankruptcy have been contacted by claim buyers for more than a year. As potential bids rise, these companies are assessing the opportunity cost of capital and choosing to sell sooner rather than wait.
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
USA Rare Earth Breaks Ground on Manufacturing Facility
Indra develops Spain-designed Tarsis tactical drones under SANTAM program
Barinthus Biotherapeutics merger closes, shareholders receive 0.111 Topco shares per share
Royal Caribbean Currently Down 11 Days Straight, On Pace for Record Losing Streak -- Data Talk