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Story
Figure Markets Acquires 800,000 Solana Tokens for $80 Million in Final $2.6 Billion FTX Auction
May 24, 2024, 03:16 PM
Figure Markets has acquired 800,000 Solana (SOL) tokens for approximately $80 million in the final auction of FTX's remaining staked Solana assets. The tokens were purchased at a price of $102 each. This transaction is part of a larger liquidation process, where the bankrupt crypto exchange FTX concluded the sale of $2.6 billion worth of Solana tokens at a discount. The acquisition was confirmed by Figure Markets CEO Mike Cagney and involved collaboration with Pantera Capital. The final auction and the sale were reported by Bloomberg Crypto.
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