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NOT FINANCIAL ADVICE based on these calculations, I estimate an FTX valuation of [NOT AN OFFICIAL VALUTION, JUST BULLSHIT] somewhere between $20b, $infinity, and, uh, I guess -$5b based on ratios of revenue, userbase, and profit.
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1) BAKKT is about to go public. There are a number of "interesting" things in their deck. sec.gov/Archives/edgar
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