FTX CEO Sam Bankman-Fried said that FTX is prepared to spend billions of dollars on acquisitions.
According to a report by Bloomberg, the founder and CEO of FTX, billionaire name Bankman-Fried, said that the $ 2 billion fund that the company recently provided can be used for investments aimed at expanding the range of services to its users. In his statement on the subject, the CEO used the following statements:
“FTX is a profitable company. You can look at the amount we’ve collected over the past year or two, that’s a couple billion dollars. This can give you an idea of where we stand in terms of cash, which is clearly visible for a potential purchase.”
FTX reached a valuation of $32 billion in January with an investment of $400 million.
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