Ikigai Sells $65M FTX Claim, Citing Lost Faith in Revival and Seeking New Bets
• Ikigai Asset Management sold $65M FTX bankruptcy claim for higher than expected price • Decision based on opportunity cost - take cash now and invest in something else • Initially optimistic about FTX 2.0 revival, but lost faith due to missteps • Majority of sale proceeds will remain in Ikigai's fund • Crypto market appears poised for another bull cycle despite industry missteps