Key Points:
- FTX total asset portfolio was valued at $65 billion prior to bankruptcy.
- The company’s business was valued at $40 billion, indicating growth potential.
- Creditors are limited to November 2022 valuations, missing market recovery gains.
FTX’s pre-bankruptcy asset portfolio reached an estimated value of US$65 billion, including major holdings in Solana, FTT tokens, and tactical investments in companies like Anthropic and SpaceX. The cryptocurrency exchange’s overall business valuation stood at US$40 billion before its collapse in November 2022.
FTX Total Assets Valued at $65B, Including $11B in Solana
FTX’s asset portfolio before its bankruptcy was substantial, with an estimated value of around US$65 billion, as noted by creditors’ representative Sunil.
| Asset | Amount | Estimated Value (USD) |
|---|---|---|
| Solana (SOL) | 55 million | $11 billion |
| FTX Token (FTT) | 280 million | $5 billion |
| Anthropic Investment | — | $4.2 billion |
| Sui Tokens & Equity | 890 million | $3.2 billion |
| GDA Investments | — | $1.2+ billion |
| K5 Investment | — | $700 million |
| SpaceX (K5 Investment) | — | $190 million |
| Total Portfolio Value | — | $65 billion |
| Overall Business Valuation | — | $40 billion |
The portfolio primarily consisted of significant cryptocurrency assets, including 55 million Solana tokens valued at US$11 billion and 280 million FTT tokens worth US$5 billion.
Additionally, notable investments featured Anthropic at US$4.2 billion, 890 million Sui tokens and equity valued at US$3.2 billion, and tactical investments in GDA exceeding US$1.2 billion.
The K5 investment amounted to US$700 million, which included US$190 million in SpaceX. On top of these holdings, FTX’s overall business valuation was estimated to be US$40 billion.
FTX Plans $16.5B Payout, Uses 2022 Prices for Valuation
FTX is projected to distribute between $14.7 billion and $16.5 billion to repay creditors, but significant hurdles have arisen concerning asset valuation and recovery strategies.
The bankruptcy court has adopted a unique valuation framework, relying on cryptocurrency prices from November 2022, the month FTX collapsed. As a result, creditors will not benefit from subsequent price rises, such as Bitcoin’s ascent to $100,000.
Despite these constraints, FTX believes that 98% of creditors, including individual investors with claims of $50,000 or less, will recover at least 118% of their investments based on the valuations from 2022.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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