FTX wants another $ 1 billion to buy more crypto companies: report
FTX wants another $ 1 billion to buy more crypto companies: report
Bankman-Fried-ftx.png" class = "Attachment-full wp-post-image" alt = "sam bankman-fried Ftx "loading =" lazy "style =" margin bottom: 15px "> - The fresh capital of FTX would flow into further shops at the end of the round
- CEO Sam Bankman-Fried said that his rescue campaigns for crypto companies had led to mixed results
The crypto exchange FTX could maintain its rating of $ 32 billion if a new funding round of $ 1 billion is carried out despite the Baisse.
If FTX secures its target investment, the evaluation of the previous fundraising round would correspond in January. At that time it collected $ 400 million in a series-C round in its third increase within six months.
The current investors of the stock exchange include the Vision Fund of Softbank, Race Capital, Tiger Global, the tennis player Naomi Osaka and the British hedge fund manager Alan Howard.
The messages indicate that FTX is an important crypto player who has remained relatively intact from the market deposition. It achieved a number of discount contracts, including the Canadian Stock Exchange Bitvo and the right to buy the crypto loan blockfi for a maximum of $ 240 million next year, well below the recent evaluation of the startup of $ 4.8 billion.
According to reports, the stock exchange also wanted to acquire the Robinhood investment app, where CEO Sam Bankman-Fried had personally acquired a share of 7.6 % in May.ftx did not answer the request from Blockworks for comment until the editorial deadline.
FTX founder Bankman-Fried, the JPmorgan of Krypto?
Chris McCann, partner of Race Capital, an former FTX supporter, said Blockworks in a Juni interview that he always thought that Bankman-Fried had a "pretty good chance to win the entire cryptomark", which reflects the consolidation of the financial service industry under the banking magazine JP Morgan after the Panic from 1907 .
"I didn't know that he would probably win the entire cryptom market and maybe even beyond because he is now trying to even pursue general stocks and finances, so it's really impressive," he said.
Nevertheless, Bankman-Fried's bargains have not yet started. He said David Rubenstein from Bloomberg in August that his efforts to save companies from the market depression had mixed results. He added that he knew that some would be profitable, while others would not do so and that the company had to "make quick decisions".
recently, the FTX risk capital arm took over a 30 percent participation in Skybridge Capital from Anthony Scaramucci.
The latest round of financing would aim to advance further deals, said CNBC, citing sources.
ftx offered to save the bankruptcy crypto loan Voyager Digital, but his proposal was rejected as a "low-ball offer". Still, Coindesk Voyager is.
from CNBC in August showed that FTX revenues rose by $ 1 billion to over $ 1 billion last year. His activities generated sales of around $ 270 million in the first quarter of this year.
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The contribution ftx wants another $ 1b to buy more crypto companies: Report is not a financial advice.