Cryptocurrency Q&A
How much Bitcoin did FTX have?
How much Bitcoin did FTX have?
Nicola
Tue May 07 2024
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5 answers
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Could you please elaborate on the amount of Bitcoin that FTX possessed? As a leading player in the cryptocurrency market, FTX's holdings have always been a topic of great interest. Given the recent events surrounding the exchange, I'm particularly curious about the scale of its Bitcoin holdings and how it might have been affected by the collapse. Was the Bitcoin portfolio diversified, or did it primarily consist of a few large holdings? And, given the volatile nature of the crypto market, how did FTX manage its Bitcoin assets to mitigate risk? Your insights would be greatly appreciated.
5 answers
CrystalPulse
Thu May 09 2024
As of October 25, 2023, the value of this GBTC holding stood at $597 million.
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Stefano
Thu May 09 2024
This value increased significantly on January 22nd, 2023, when Grayscale's bitcoin Exchange Traded Fund (ETF) began trading on NYSE Arca.
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EthereumElite
Thu May 09 2024
At the start of trading, FTX's GBTC holding was valued at around $900 million.
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Valentina
Thu May 09 2024
According to a recent filing made on November 3, 2023, FTX held a significant amount of Grayscale Bitcoin Trust (GBTC).
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SakuraSpiritual
Thu May 09 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and digital wallets.
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