The founder of crypto exchange Huobi was looking to sell his shares in the Seychelles-based company for more than $1 billion.
Huobi founder Leon Li is in talks with investors to sell about 60% of his stake in the company, which is seeking a $3 billion valuation, according to a new report from Bloomberg.
According to the report, the sale of Li’s stock could reach $1 billion if Huobi is valued at the lower end of the $2 billion range.
Anonymous sources familiar with the matter told Bloomberg that FTX CEO Sam Bankman-Friend and Tron founder Justin Sun were among those who disclosed their interest in buying the shares.
While an FTX spokesperson declined to comment, Sun does Denies Any post on the potential purchase of Huobi shares from his 3.3 million Twitter followers.
“We didn’t participate [in] All questions related to the Bloomberg story now.
Hopi respond to Sun’s tweet using the googly-eyed emoji.
News of the potential sale sent Huobi’s native HT crypto token skyrocketing from $4.37 to $5.46, a gain of 25% in one day. HT has since stabilized and changed hands for $5.22 at the time of writing, nearly 20% more than its price 24 hours ago.
A Huobi spokesperson confirmed to Bloomberg Li the intent to sell its shares via an email but did not provide specifics.
“[Li] It hopes that the new shareholders will become more powerful and resourceful, value the Huobi brand and invest more capital and energy to drive Huobi’s growth.
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