FTX Total Assets Could Have Surpassed $65B Without Bankruptcy
Key Points: FTX total asset portfolio was valued at $65 billion prior to bankruptcy. The company’s business was valued at $40 billion, indicating growth potential. Creditors are limited to November 2022 valuations, missing market recovery gains. FTX’s pre-bankruptcy asset portfolio reached an estimated value of US$65 billion, including major holdings in Solana, FTT tokens, and tactical investments in companies like Anthropic and SpaceX. The cryptocurrency exchange’s overall business valuation stood at US$40 billion before its collapse in November 2022. FTX Total Assets Valued at $65B, Including $11B in Solana FTX’s asset portfolio before its bankruptcy was substantial, with an estimated value of around US$65 billion, as noted by creditors’ representative Sunil. AssetAmountEstimated Value (USD)Solana (SOL)55 million$11 billionFTX Token (FTT)280 million$5 billionAnthropic Investment—$4.2 billionSui Tokens & Equity890 million$3.2 billionGDA Investments—$1.2+ billionK5 Investment—$700 millionSpaceX (K5 Investment)—$190 millionTotal Portfolio Value—$65 billionOverall Business Valuation—$40 billionThe portfolio primarily consisted of significant cryptocurrency assets, including 55 million Solana tokens valued at US$11 billion and 280 million FTT tokens worth US$5 billion. Additionally, notable investments featured Anthropic at US$4.2 billion, 890 million Sui tokens and equity valued at US$3.2 billion, and tactical investments in GDA exceeding US$1.2 billion. The K5 investment amounted to US$700 million, which included US$190 million in SpaceX. On top of these holdings, FTX’s overall business valuation was estimated to be US$40 billion. FTX Plans $16.5B Payout, Uses 2022 Prices for Valuation FTX is projected to distribute between $14.7 billion and $16.5 billion to repay creditors, but significant hurdles have arisen concerning asset valuation and recovery strategies. The bankruptcy court has adopted a unique valuation framework, relying on cryptocurrency prices from November 2022, the month FTX collapsed. As a result, creditors will not benefit from subsequent price rises, such as Bitcoin’s ascent to $100,000. Despite these constraints, FTX believes that 98% of creditors, including individual investors with claims of $50,000 or less, will recover at least 118% of their investments based on the valuations from 2022. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.