FTX is prepared to spend billions of dollars on expanding the market.
Cryptocurrency exchange FTX is ready to spend billions of dollars to buy shares in other companies.
FTX CEO, billionaire, and co-founder Sam Bankman-Fried said that it’s the fundraising of more than $2 billion, and its U.S. organization could be used for investments to expand the range of services to customers.
“FTX is a profitable company,” he said “You can look at the amount that we’ve raised over the last year or two — it’s a few billion dollars. That gives maybe a sense of where we are in terms of cash that was explicitly viewed from a potential acquisition angle.”
In January 2022, the exchange raised $400 million at a valuation of $32 billion, bringing the total raised in the previous half-year to nearly $2 billion. In the United States alone, they raised $400 million.
Last week, FTX was wrapping up a new round of funding that could bring in between $400 million and $1 billion.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
CoinCu News
KAI
Author
Market
FTX is prepared to spend billions of dollars on expanding the market.
Cryptocurrency exchange FTX is ready to spend billions of dollars to buy shares in other companies.
FTX CEO, billionaire, and co-founder Sam Bankman-Fried said that it’s the fundraising of more than $2 billion, and its U.S. organization could be used for investments to expand the range of services to customers.
“FTX is a profitable company,” he said “You can look at the amount that we’ve raised over the last year or two — it’s a few billion dollars. That gives maybe a sense of where we are in terms of cash that was explicitly viewed from a potential acquisition angle.”
In January 2022, the exchange raised $400 million at a valuation of $32 billion, bringing the total raised in the previous half-year to nearly $2 billion. In the United States alone, they raised $400 million.
Last week, FTX was wrapping up a new round of funding that could bring in between $400 million and $1 billion.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
CoinCu News
KAI
Other Posts
Related Posts
Latest
Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!
Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!
Press Release
The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
