Here’s Alameda’s Expense Portfolio: WSJ Report

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. 

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