Despite its bankruptcy, the company has continued to sell popular cryptocurrencies such as SHIB, ETH, MATIC, and FTM.
Even after acquiring the assets of Binance, one of the world’s largest cryptocurrency exchanges, Voyager has continued to operate independently and make its own decisions regarding its portfolio.
According to blockchain transaction data, Voyager transferred around $54 million worth of cryptocurrencies to exchanges Coinbase and Binance.US in the past week. The company’s largest non-stablecoin holdings are currently 166,223 ETH worth $271 million, 6.2 trillion SHIB tokens worth $77 million, and 148.4 million VGX tokens worth $63 million. Voyager also holds notable positions in LINK, FTM, and Bored Ape’s APE token, worth a combined $23.5 million.
The company has been selling off its cryptocurrency holdings at a fast rate, with a total of $121 million deposited to exchanges since February. Voyager’s crypto addresses hold a total of $697 million worth of cryptocurrencies, including $236 million of USDC stablecoin, according to data.
It’s worth noting that SHIB, MATIC, and FTM are relatively new cryptocurrencies that have gained popularity in recent months due to their unique features and strong community support. ETH, on the other hand, is one of the oldest and most established cryptocurrencies and has been the backbone of the decentralized finance (DeFi) movement.
Declaring bankruptcy due to the Terra crisis last year, Voyager remains a popular platform for buying and selling cryptocurrencies. Its decision to continue selling these assets is likely to be welcomed by many traders and investors. With the cryptocurrency market showing signs of recovery in recent weeks, it will be interesting to see how Voyager fares in the coming months.
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