The FTX estate, currently overseeing the bankruptcy and restructuring of the once-active crypto exchange, reveals holdings of $1.16 billion in solana (SOL) and $560 million in bitcoin (BTC).
16% of Solana’s Market Cap Is Held by FTX
In a recent Monday court filing, a stakeholder update showcases the premier digital assets held by the estate. As of August 31, 2023, these liquid tokens have a combined value of $3.4 billion. Additionally, the update showcases nearly $200 million in Bahamian real estate. Solana (SOL) emerges as the dominant asset in FTX’s portfolio.
As of September 11, 2023, with SOL’s market cap standing at $7.24 billion, FTX’s slice is a significant 16%, equating to $1.16 billion. FTX’s diverse crypto portfolio also includes $560 million in BTC, $192 million in ETH, $137 million in APT, $120 million in USDT, $119 million in XRP, $49 million in BIT, $46 million in STG, $41 million in WBTC, and $37 million in WETH. Furthermore, FTX possesses over $529 million in
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