Here’s Alameda’s Expense Portfolio: WSJ Report

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The Economic Moments (FT) printed a doc on Tuesday exposing where by Alameda’s enterprise investments went days in advance of the FTX Group filed for personal bankruptcy. 

Its hundreds of investments integrated large-profile firms like SpaceX, and a assortment of crypto tokens like Polygon (MATIC), and In the vicinity of. 

  • The spreadsheet, dated early November, incorporated Alameda’s private equity portfolio, together with “some FTX bets combined in.”
  • According to the document delivered, Alameda had around $5.4 billion spread across almost 500 “illiquid investments,” split amongst 10 holding corporations. 
  • Between these investments was a $1 billion+ place with Bitcoin miner Genesis Digital. Mining companies have been underneath massive distress above the previous 6 months, with sector leaders like Main Scientific dropping billions of dollars to increasing mining trouble and plummeting Bitcoin prices. 
  • Meanwhile, its positions with the Gap and Polygon (MATIC) tokens amounted to $67.5 million and $50 million respectively. CoinMarketCap has no coins mentioned below the ticker Hole aside from an asset named “Super Black Gap,” for which no industry data is accessible. 
  • Alameda also appeared to have at the very least $200 million invested in Sequoia, $150 million invested in the now-bankrupt Voyager Digital, and another $75 million in Aptos – the layer 1 blockchain that experienced an underwhelming debut in November. 
  • Alameda experienced a different $50 million of fairness in Yuga Labs – the enterprise powering Bored Ape Yacht Club (BAYC) NFTs which was recently investigated by the Securities and Exchange Fee. 
  • Prior to FTXs insolvency, the portfolio was reportedly made available up as fairness in a hasty try to shore up cash for FTX Team in a new credit score line. 
  • The spreadsheet seems to additional blur the traces amongst both FTX and Alameda, with some of its detailed investments (ex. Genesis) also previously showing on FTX’s balance sheet. 

The post Below&#8217s Alameda&#8217s Expense Portfolio: WSJ Report appeared 1st on CryptoPotato.

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