Three Arrows Capital reportedly owns cryptocurrencies, Bored Apes and other NFTs worth about $ 7.36 million
Summary:
- Three Arrows Capital reportedly owns several NFTs belonging to popular projects such as CryptoPunks, Art Blocks Curated, BoredApeYachtClub and more.
- Three Arrows Capital’s total NFT holdings are valued at approximately $ 7 million.
Three Arrows Capital crypto hedge fund reportedly owns several NFTs belonging to popular projects such as Crypto Punks and Bored Ape Yacht Club.
NFTs owned by 3AC
– CryptoPunks
– ArtBlocksCurated
– PEGZ
– DeafbeefV2
– Autoglyphs
– Art blocks
– MutantApeYachtClub
– ChromieSquiggle
– BoredApeYachtClub
– Cypher@DuneAnalytics dashboard off @ 21Delinger pic.twitter.com/WzVQi8DNqN– NFTgators @ (@NFTgators) July 4, 2022
The value of NFTs owned by Three Arrows Capital exceeds $ 7.36 million
According to the analysis above shared by NFTGators, Three Arrows Capital owns the following NFTs worth approximately $ 7.36 million.
- 11 Crypto Punks NFTs worth $ 3 million
- 330 art blocks curated NFTs worth a total of $ 2.483 million
- 8 PEGZ NFTs worth $ 613k
- 4 DeafbeefV2 worth $ 564k
- 3 autoglyphs worth $ 304k
- 7 Art Blocks NFTs worth $ 125k
- 2 Mutant Ape Yacht Club NFTs worth approximately $ 122.6k
- 7 Chromie Squiggle NFTs worth $ 73.78k
- 1 Bored Ape Yacht Club NFT worth $ 61k
Three Arrows Capital Files for Bankruptcy in USA.
The news of Three Arrows Capital owning more than $ 7 million in NFTs comes less than three days after the hedge fund filed for Chapter 15 bankruptcy in New York. There is much speculation that the move was made to protect the hedge fund’s assets against a liquidation order from the British Virgin Islands.
Su Zhu is reportedly selling its $ 35 million Singapore Mansion.
In addition, it was reported last week that Three Arrows Capital’s co-founder, Su Zhu, sold his mansion for $ 35 million in Singapore held in a trust for one of his children. It is also rumored that he requested that the proceeds from the sale be sent to a bank account in Dubai.
Three Arrows Capital’s complex ownership structure can frustrate creditors.
However, creditors and liquidators wishing to seize Three Arrows Capital’s assets may have to jump some obstacles as the hedge fund’s paper tracks have revealed a complex network of ownership that could delay their efforts.
According to a CoinDesk report, Three Arrows Capital also operated an over-the-counter trading desk called Tai Ping Shan (TPS) Capital. The latter reportedly continues to trade as Three Arrows Capital faces liquidation in the British Virgin Islands and intense investigations in Singapore.
