Crypto-Tunities: Transaction strategies in the challenging crypto markets
— Buyer, Crypto, Sale, Bankruptcy, Sales, Markets, Challenging, Assets, Seller, Secured — 1 min read
With crypto winter settling in and likely consolidation of the market participants, unique opportunities arise to pair buyers with sellers. Market players with large cash reserves have indicated interest in using their cash on hand to help troubled crypto firms make it through the current challenging market. Distressed sales can take place quickly in a different ways that maximize value and efficiency for sellers and provide protection for buyers. In court bankruptcy sale, a distressed seller like Voyager could sell its assets free and clear of claims and interests in the assets under Section 363 of the United States Bankruptcy Code. Out of court foreclosure sale, it could look to facilitate a “friendly” foreclosure sale by its secured lender(s) or to a third party bidder. Each of these types of transactions presents its own set of benefits Source