CoinShares announces sale of FTX debt with 116% collection rate

CoinShares announced that it has successfully sold its FTX claims, which will generate a collection rate of 116% after brokerage fees, resulting in a return of £31.32 million on the amount of claims of £26.60 million. The agreement, signed today and subject to customary closing conditions, will significantly strengthen CoinShares' financial position, creating opportunities for the company and delivering higher returns to its shareholders. The group will be able to reinvest in growth opportunities.