FTX's estimated payout ratio has risen to 93%
According to data compiled by investment bank Cherokee Acquisition, which specializes in bankruptcy claims and provides FTX credit liquidity, the estimated payout rate for FTX credit on March 22 has risen to between 93% (Bid) and 97% (Ask) of face value. It is worth noting that Cherokee Acquisition's data is updated weekly, and given that FTX announced yesterday that it will sell two-thirds of its Anthropic shares for $884 million, it is expected that its credit valuation will continue to rise at the next data update on March 29.
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