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FTX won an auc­tion for the as­sets of Voy­ager Digi­tal Ltd. with a bid val­ued at $1.42 bil­lion.

Voy­ager said there were mul­ti­ple rounds of bid­ding, and that it had con­sid­ered both a sale and a stand-alone re­or­ga­ni­zation. It said FTX’s bid was the high­est and best bid for its as­sets, and in­cludes the worth of all of Voy­ager’s cryp­tocurrency—which it es­ti­mates to be $1.3 bil­lion at cur­rent mar­ket prices—plus an ad­di­tional con­sid­er­a­tion of $111 mil­lion.

Voy­ager said the as­sets will be sold at their fair value on a fu­ture date that has yet to be de­ter­mined.