Home Latest News FTX Plans to Raise $1B in Investor Rounds

FTX Plans to Raise $1B in Investor Rounds

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FTX raised $400 million in January and recently received another $1 billion in the investor round. The company is looking forward to utilizing the funding to capture the bear market. Talks about receiving more funds are in the process, sources say.  But if this happens, then the current valuation will be roughly $32 billion. 

The company is planning to acquire Voyager Digital in July, as per reports coming from reliable sources. However, Voyager has not accepted the proposal, because it will benefit FTX more than Voyager’s users. Binance ($50 million) and FTX (a bit higher) are both competing for these assets. Earlier FTX announced that it would acquire a 30% stake in SkyBridge Capital (Anthony Scaramucci’s asset management firm) for an amount not yet disclosed. It has also agreed to acquire crypto platforms Bitvo and BlockFi.

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