The #FTX bankruptcy estate is selling 41 million locked $SOL worth $7.6 billion
🔹 Neptune Digital Assets' Solana Acquisition!
▪️ Acquisition: Secured 26,964 SOL at Nearly 70% discount ($64 per SOL vs. market price of $195)
▪️ Total Holdings: Boosted to 31,181 SOL, all earmarked for staking
▪️ Yield: Anticipating around a 7.5% annual yield from staking
🔹 Release Plan:
▪️ 80% of tokens to be released monthly until Jan 2028
▪️ 20% set for release in March 2025
🔹 Staking Rewards: Earned throughout the lock period
🔹 CEO's Take: Cale Moodie views this as a strategic move to enhance assets and revenue, capitalizing on Solana’s efficiency and potential for innovation.
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