The Monetary Occasions (FT) revealed a doc on Tuesday exposing the place Alameda’s enterprise investments went days earlier than the FTX Group filed for chapter.
Its lots of of investments included high-profile firms like SpaceX, and a wide range of crypto tokens like Polygon (MATIC), and NEAR.
- The spreadsheet, dated early November, included Alameda’s non-public fairness portfolio, alongside “some FTX bets blended in.”
- In accordance with the doc supplied, Alameda had over $5.4 billion unfold throughout virtually 500 “illiquid investments,” cut up between 10 holding firms.
- Amongst these investments was a $1 billion+ place with Bitcoin miner Genesis Digital. Mining corporations have been beneath large misery over the previous six months, with business leaders like Core Scientific dropping billions of {dollars} to rising mining problem and plummeting Bitcoin costs.
- In the meantime, its positions with the HOLE and Polygon (MATIC) tokens amounted to $67.5 million and $50 million respectively. CoinMarketCap has no cash listed beneath the ticker HOLE apart from an asset referred to as “Tremendous Black Gap,” for which no market information is accessible.
- Alameda additionally appeared to have at the least $200 million invested in Sequoia, $150 million invested within the now-bankrupt Voyager Digital, and one other $75 million in Aptos – the layer 1 blockchain that had an underwhelming debut in November.
- Alameda had one other $50 million of fairness in Yuga Labs – the corporate behind Bored Ape Yacht Membership (BAYC) NFTs which was not too long ago investigated by the Securities and Trade Fee.
- Previous to FTXs insolvency, the portfolio was reportedly supplied up as fairness in a hasty try and shore up funds for FTX Group in a brand new credit score line.
- The spreadsheet seems to additional blur the strains between each FTX and Alameda, with a few of its listed investments (ex. Genesis) additionally beforehand showing on FTX’s stability sheet.
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