Three Arrows Capital Acquires 69 Billion MOG Coins Bankruptcy Updates Three Arrows Capital (3AC), a now-bankrupt cryptocurrency hedge fund, recently announced on X (formerly Twitter) that it had acquired 69 billion MOG coins for approximately $100,000. The announcement sparked discussions within the crypto community, with many speculating about the reasons behind the purchase and the potential impact on the MOG token's value. 3AC's acquisition of such a large number of MOG coins has raised questions about the company's financial situation. Some analysts believe that 3AC may be attempting to use the MOG tokens as a form of payment to creditors or as collateral for loans. Others speculate that the purchase could be a sign that 3AC is betting on the future value of the MOG token. The acquisition by 3AC could have a significant impact on the price of MOG. With such a large number of tokens being acquired by a single entity, there is a possibility that the price of MOG could increase in the short term. However, it is also possible that the price could decrease if 3AC decides to sell a portion of its holdings. Only time will tell what the full impact of 3AC's acquisition of MOG tokens will be. However, the purchase is certainly a significant event in the history of the token and could have a lasting impact on its value.