Cryptocurrency investment firm Multicoin Capital is currently in discussions regarding the sale of its FTX bankruptcy claim, which is valued at approximately $100 million, according to a knowledgeable source.
Positive news surrounding the FTX bankruptcy has already driven the claim price up to over 70 cents per dollar and is now approaching 80 cents.
Companies inadvertently involved in the FTX collapse, such as Multicoin, have been approached by claim buyers for over a year. As potential bids increase, these companies are weighing the opportunity cost of capital and opting to sell early.