FTX Negotiates $1 Billion for New Acquisitions Financing

It is said that FTX, one of the world’s largest cryptocurrency exchanges, is seeking an investment of $ 1 billion with a valuation of $ 32 billion.

According to CBNC’s September 21 report, FTX is about 32 billion with dollar valuation 1 billion dollar financing negotiating with investors. Sources of the talks hidden continued and during the negotiations conditions may change stated. Among the existing investors of the company, Temasek, SoftBank’s Vision 2 fund and Tiger Global giant venture capital funds.

in the report FTX spokespersons about subject refused to comment while the sources indicate that the event took place in January 2022. 400 million FTX’s investment if $1 billion in new financing is approved alongside the $1 billion funding round. new purchases He said he could keep doing it.

a former Wall Street investor CEO BankmanHe became known for the companies he bought and invested in while the cryptocurrency markets continued to decline. The stock market lends itself to it in July 2022. BlockFi It also went bankrupt in August. Voyager Digital offered to buy, but the parties could not reach an agreement.

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