FTX, the bankrupt cryptocurrency exchange that has been on the agenda with cryptocurrency sales for a while, received the expected approval from the court.
Looking at FTX’s bankruptcy process New York bankruptcy courtapproximately After 1 month of waiting gave the requested approval. Bloomberg According to the news presented by on November 30, the court ruled that FTX’s $873 million worth Grayscale Bitcoin Trust (GBTC) And Bitwise Crypto Index Fund (BITW) paved the way for him to sell his shares.
The stock exchange submitted a petition to the court at the beginning of November and to altcoins In addition GBTC And Bitwise He also stated that he wanted to sell his shares. FTX said these sales will be made to creditors. will accelerate repayments he emphasized.
The value of FTX’s holdings when it filed a petition for sales from the court at the beginning of November 744 million dollars it was worth. However, in parallel with the rise in the cryptocurrency market in the last month, these stocks gained value and current valuation at market price $873 million It is thought to be.
According to the latest data, the stock exchange, which is planned to pay its creditors in the first quarter of next year, has 22.2 million GBTC shares, 6.3 million Grayscale Ethereum Trust (ETHE), 2.9 million BITW, 371 thousand Grayscale Ethereum Classic Trust (ETCG), 421 thousand Grayscale Litecoin Trust (LTCN) and 136 thousand Grayscale Digital Large Cap Trust (GDLC).
FTX, which has been selling altcoins continuously for weeks, soon It is thought that it will also start sales of the shares in question.
