Huge fucking congrats to @SBF_Alameda and the team at @FTX_Official
"Today, FTX Trading Ltd., announced the $900 million Series B fundraise at an $18 billion valuation"pic.twitter.com/yxLFJaxHRv
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Sequoia, Paul Tudor Jones, Alan Howard in. Binance out. Binance’s chief executive Changpeng Zhao (commonly known as CZ) told Forbes the company has recently given up its equity stake in FTXpic.twitter.com/gxyCspKo7t
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"As a result of the investment, Bankman-Fried, whose fortune Forbes estimated to be worth $8.3 billion as of last month, stands to grow his riches by at least $7.9 billion to $16.2 billion, as a result of the deal" Sam casually pulling 2x's on 10 figs in the current market.
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Softbank rn. Lost count if this is their 4th or 5th crypto round this month.pic.twitter.com/wR31HtXEUB
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ngmi
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Now the big FTT selling on binance makes sense lmao
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equity stake is not FTT tho
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Makes sense right? Why own equity stake in your competitor that's growing rapidly
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I wonder whhhhyyyy though? Seems a strange exit?
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