CoinShares will reinvest $39.78 million from selling its FTX claim into growth opportunities and improved client services.
CoinShares International, a European investment firm specializing in digital assets, has announced the successful sale of its FTX claim.
According to an official press release, the agreement, subject to customary closing conditions, is expected to result in a recovery rate of 116% after deducting broker fees.
This translates to a return of £31.32 million ($39.78 million) on a £26.6 million ($33.78 million) claim.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
