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A comment on FTX Balance Sheet.

Re:FTX Balance Sheet by Marazan on Sunday November 13, 2022 @02:40AM (#33580913)
Im genuinely intrigued by the $2.2 billion in SRM

The peak market capitalisation of SRM was less than 1.5 billion (according to coinmarketcap.com ) . So how could FTX's holdings every be valued at 2.2 billion?

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Re:FTX Balance Sheet by Marazan on Sunday November 13, 2022 @02:45AM (#33580934)
Ah, I think FT story made a mistake, it isn't 2.2 billion dollars of SRM, it is 2.2 billion tokens. Biiiiiiiiig difference.
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Re:FTX Balance Sheet by clarkeni on Sunday November 13, 2022 @02:49AM (#33580951)
It’s 2.2 billion dollars - but it’s using fully diluted value rather than circulating supply market cap.
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Re:FTX Balance Sheet by Marazan on Sunday November 13, 2022 @03:22AM (#33581137)
Yeah, you are right. That is still bonkers crazy nuts.
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Re:FTX Balance Sheet by grey-area on Sunday November 13, 2022 @03:39AM (#33581227)
Even more bonkers is who minted all of those coins? Was it FTX?
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