FTX plans to sell $100 million in crypto every week to pay down debt
According to finbold, FTX plans to sell approximately $100 million worth of cryptocurrency each week. As the SEC or other regulatory agencies may intervene, this plan has not yet been confirmed. FTX currently holds approximately 10% of the total supply of SOL, worth over $3.3 billion. In addition, it also holds $742 million worth of BTC, approximately $226 million worth of ETH, approximately $180 million worth of APT, and approximately $143 million worth of XRP.
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
BTC breaks through $94,000
The ZKasino project borrowed 12.38 million DAI from Aave again in the past 2 hours to go long on ETH
MicroStrategy founder reiterates he will not sell BTC
Bitcoin Frontier Fund to Invest in Teams Building on sBTC