MultiCoin Capital Weighs Sale of $100M FTX Claim

FTX Bankruptcy Claim on the Market

Investment specialist Multicoin Capital is reportedly considering the sale of its FTX bankruptcy claim, estimated to be worth about $100 million. This information comes from a source close to the situation who is privy to the company's deliberations.

Increasing Value of Claims

There has been a notable upswing in the valuation of FTX claims, with some transactions reaching over 70 cents to the dollar, a figure that's on the rise, potentially hitting the 80 cent mark. This uptrend in value has sparked interest among buyers who are actively seeking to acquire such claims from entities like Multicoin Capital.

Strategic Considerations for Firms

Due to the increasing offers from claim buyers, Multicoin Capital and similar firms are evaluating the opportunity costs associated with holding onto their claims amidst the FTX fallout. While the firm itself remains tight-lipped, not offering any official statements, the trajectory of the market suggests a leaning towards a more expedient sale.