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.
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.