In a Monday court filing, FTX has outlined its asset holdings to the tune of approximately $7 billion. Among these assets, the company holds approximately $1.16 billion in Solana (SOL) tokens and $560 million in Bitcoin (BTC).
The presentation also sheds light on substantial payments made by the company to senior executives, including its founder, Sam Bankman-Fried. These payments occurred before the company filed for bankruptcy in November, media reports said.
The court filing further discloses that the company now has $1.5 billion in cash, in addition to the $1.1 billion it possessed on November 11. Moreover, FTX holds $3.4 billion in various cryptocurrencies, as of August 31. This includes holdings in over 1,300 lesser-known and potentially less liquid tokens, such as MAPS and Serum (SRM).
Additionally, the court filing provides insights into payments totaling $2.2 billion in cash, crypto, equity, and real estate made to Bankman-Fried and other executives, including Nishad Singh, Zixiao Gary Wang, and Caroline Ellison, in the months leading up to the company’s bankruptcy.
Importantly, U.S. law permits such payments to be recovered and added to the pool of assets available for distribution to creditors.
The filing also reveals the ownership of 38 condos, penthouses, and other properties in the Bahamas, collectively valued at around $200 million. The new management of the company has made efforts to reclaim funds that were previously donated to politicians and charitable organizations, such as the Metropolitan Museum of Art in New York.