Avalanche
Institutional Lender Rejects $88 Million in Avalanche Tokens
An institutional lender has declined to accept Avalanche tokens as settlement, opting instead for $88 million in Bitcoin and cash.
In a debt restructuring involving AVAX One, an institutional lender chose to receive $88 million through a combination of Bitcoin and cash rather than accept Avalanche tokens as repayment, signalling a preference for assets with greater liquidity or perceived lower risk.
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