As of June 30, 2022, the portfolio of the BlockFi crypto lending platform included more than $1.8 billion in commitments from institutional and individual investors. At the same time, the company said in its second-quarter report that $600 million of loans were unsecured. .

We have just released our Q2 Transparency Report, which includes a breakdown of our total AUM, retail and corporate loans, and how we manage related liquidity and credit risk.
https://t.co/qcdRDcYmNQ

— BlockFi (@BlockFi) 21 July 2022

Institutional investors accounted for $1.5 billion of total liabilities, while retail investors accounted for the remaining $300 million. The company valued assets at $19,986 relative to bitcoin’s market value.

BlockFi stated that there are more than 650,000 accounts with non-zero balances registered on the platform. In total, clients hold approximately $3.9 billion in digital assets across various account types.

In the report, the company noted that it has developed a set of principles that help “maintain the liquidity necessary to meet obligations in its core business.” In particular, BlockFi will keep at least 10% of client funds in the main balance for immediate retracement of positions at the request of users.

At the beginning of July 2022, BlockFi signed an agreement with the US division of FTX. The Sam Bankman-Fried startup will provide the platform with $400 million in revolving credit and $240 million in buyout options.

Recall that in May, the head of FTX promised to spend “billions” on buying shares in other companies.

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