Bloomberg: FTX Sells Two-Thirds of SOL Holdings at $64 Per Unit, Secures $1.9 Billion in Liquidity

Bloomberg: FTX Sells Two-Thirds of SOL Holdings at $64 Per Unit, Secures $1.9 Billion in Liquidity

Bloomberg: FTX Sells Two-Thirds of SOL Holdings at $64 Per Unit, Secures $1.9 Billion in Liquidity

Bloomberg reported that the FTX restructuring team has sold approximately two-thirds of the Locked Solana tokens remaining in their assets. It is reported that institutions such as Galaxy Trading, Pantera Capital, and Neptune Digital Assets participated in the asset auction. According to insiders, FTX sold 25 to 30 million locked SOL tokens at a price of $64 per token, raising up to $1.9 billion in funds for FTX.

It is reported that these sold SOL tokens are currently subject to a four-year lock-up period, with 20% of the tokens to be unlocked in March 2025, and the remaining tokens to be unlocked on a monthly basis starting in 2028. According to a previous report by Zombit, many buyers have expressed strong interest in acquiring the 41 million locked Solana tokens that have not yet been unlocked in FTX’s remaining assets.