The massive investment by Alameda, FTX’s sister company and the foundation behind the stock market’s bankruptcy, has emerged.
Making a name for itself with its global investments, Alameda was one of the leading actors of the FTX crisis. The confidential files of the company, which indirectly magnified the impact of the crisis with its investments, continue to come to light. It is already known that Alameda has invested in hundreds of companies. One of them stands out as the company that Genesis Digital and Alameda have made the biggest venture investment.
Alameda Invests Over $1 Billion in Genesis
Crypto mining company Genesis Digital Assets has become the largest venture investment made by Alameda Research.
Documents released by Bloomberg on Dec. 3 show that Genesis Digital has raised $1.15 billion from Alameda in less than nine months. The investment was made between August 2021 and April of this year, before the FTX crisis and the collapse in crypto prices.
According to the documents, the distribution of capital; It was made in the form of $100 million in August 2021, $550 million in January, $250 million in February and $250 million in April 2022.
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