Troubled Crypto Fund Three Arrows Capital Has USD 7.5M Worth of Blue-Chip NFTs – Report

NFT Non-fungible tokens Three Arrows Capital
Last updated:
Author
Author
Ruholamin Haqshanas
About Author

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Source: AdobeStock / Alexander Limbach

 

Embattled crypto investment firm Three Arrows Capital (3AC), which has recently filed for bankruptcy, ostensibly holds more than USD 7.5m worth of blue-chip NFTs.

According to data compiled by crypto research firm 21shares, 3AC owns a total of 377 NFTs, which includes 11 CryptoPunks, 330 ArtBlocksCurated, 2 Mutant Apes, 1 Bored Ape, as well as other NFTs from other popular collections.

As of now, assuming average prices, 3AC’s NFT portfolio is worth USD 7,524,617, according to Dune Analytics.

The company’s CryptoPunks, worth over USD 3m, account for more than 40% of that figure. Moreover, its ArtBlocksCurated NFTs are worth around USD 2.5m.

As reported, 3AC has filed for Chapter 15 Bankruptcy. The filing came after a British Virgin Islands court ordered the liquidation of 3AC.

Chapter 15 bankruptcy enables “cooperation between U.S. courts and foreign courts” and is typically filed in an effort to protect the debtor’s assets.

Prior to its insolvency, Three Arrows Capital, spearheaded by Su Zhu, was known for its many investments in crypto-related ventures. The company reportedly managed as much as USD 10 billion in assets as recently as March.

 ____

Learn more: 
Crypto Chaos Continues as Loans Firm Cuts Withdrawal Limit, 3AC Moves Funds, & Celsius Apparently Pays Maker
Crypto Turmoil: 3AC Files for Bankruptcy, FTX and BlockFi Agree, Suspensions at Voyager

Three Arrows CEO Zhu Su Seeks to Sell Luxury Singapore Mansion – Reports
Blockchain.com vs. Three Arrows

Three Arrows Reprimanded by Singapore
Celsius’ Positions are Now Healthier, Three Arrows Capital Was a ‘Victim of Contagion’ – Nansen

More Articles

Press Releases
SpacePay’s Journey: Making Everyday Payments Work at 0.5% Fees – Next Big Crypto?
2025-02-19 15:32:25
DeFi News
Hong Kong SFC Unveils 12-Point Roadmap to Strengthen Crypto Sector
Hassan Shittu
Hassan Shittu
2025-02-19 15:27:08
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors