Crypto lender BlockFi disclosed total loan amounts and net risk exposure at the end of Q2 2022. At the end of Q2 it held $ 1.8 billion of outstanding loans from institutional and retail investors and $ 600 million in net exposure, according to the “Q2 2022 Transparency Report,” in which the company outlined its liquidity and credit risks, sharing details on its institutional and retail loan portfolios.
The company based its holdings and outstanding loan amounts at a price per Bitcoin (BTC) of $ 19,986. What emerged is that institutional loans represent $ 1.5 billion of total outstanding loans, while retail loans make up the remaining $ 300 million.
BlockFi has stated that it has established guidelines to maintain the liquidity necessary to meet all obligations under its core business, which include institutional and retail loans and trading activities. These guidelines state that the company will maintain at least the 10% of the total amount due to customers upon request, ready to be returned to customers. In addition, at least 50% of the funds due will be held in such a way that they will be recovered and returned to clients within seven days and at least 90% of the total amounts due to clients upon request will be held internally or in re-obtainable loans within one year.
