FTX’s Crypto Portfolio Worth $3.4B, Consists of $1.16B of Solana
Bankrupt crypto exchange FTX has revealed in a court filing that its liquid crypto portfolio is worth $3.4 billion, which consists of $1.16 billion worth of Solana (SOL) tokens. The second-largest holding is Bitcoin (BTC), valued at $560 million, followed by Ethereum (ETH) at $196 million. Aptos (APT) makes up $136 million of FTX’s portfolio.
Within its holdings, FTX’s largest venture token investment is in Solana, valued at $137 million, with NEAR token as the second-largest investment at $80 million. In addition to these assets, FTX owns a separate stash of “Category B” crypto assets, which are assets that are not as liquid or are largely controlled by FTX or both. This includes 10 billion Serum (SRM) tokens and 269 million Mango (MNGO) tokens.
Despite FTX’s bankruptcy filing, Solana Labs co-founder Anatoly Yakovenko remains committed to the project, even as signs indicate that FTX’s estate is preparing to liquidate its holdings.
The court document also details FTX’s holdings, which include cryptocurrency, cash, government-recovered assets, and other investments. It includes information on payments made to past CEOs as well as political and charity contributions. These payments may be seized and allocated to creditors under US law.
FTX’s estate also includes 38 properties in the Bahamas worth a total of $222 million. These assets and holdings will be managed and distributed among FTX’s creditors based on the court proceedings. FTX is currently seeking to claw back funds paid in celebrity deals and funds withdrawn by parties like LayerZero Labs.