Bittrex debtors give operating results for May

By Sarah Lizee

Olympia, Wash., June 23 – Desolation Holdings LLC, which does business as Bittrex, reported a $63,144 net loss on zero gross income/sales for May, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Its cash balance at the end of the month was zero.

Meanwhile, Bittrex, Inc. reported a $2.51 million net loss for May on $347 of gross income/sales. Its cash balance at the end of the month was $18.37 million.

Bittrex is a cryptocurrency trading platform with headquarters in Seattle. The company filed bankruptcy on May 8 under Chapter 11 case number 23-10597.

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