According to Bloomberg, both FTX como FTX.US plan to raise more capital, which they hope will increase the companies’ share price to the values seen in early 2022 before the crypto market an area or arena, online or offline, in which commercial dealings are conducted. crash.
- FTX is interested in raising more capital.
- The exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. has completed acquisitions and deals in the wake of the market downturn.
- The idea is to reach a valuation close refers to the closing price; similar to the same term used in stock trading. to that seen at the beginning of the year.
Recently published reports indicate that the U.S.-based international exchange, FTX, plans to organize new rounds of financing to raise even more capital.
FTX wants to raise more capital capital is most commonly defined as the large sum of money you would use to invest.
This was revealed by a report published by the Bloomberg news agency, which cites sources familiar with the matter and reveals that the firm would be looking to acquire capital to be quoted at around USD $32 billion, a figure for which it was valued earlier this year before the steep fall recorded by the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market.
Originalmente FTX organized a Series C financing round in January of this year, in which it raised about $400 million from various entities, which increased its valuation to the aforementioned $32,000. For its part, FTX.US also followed suit and raised another USD $400 million, bringing its share price to over USD $8 billion.
In relation to these discussions to raise capital, the report published by Bloomberg indicates that the exchange led by Sam Bankman-Fried would already be finalizing some talks, but the sources did not offer details on the finalized agreements or the possible date for the corresponding round. It is worth noting that the FTX has neither confirmed nor denied such rumors.
FTX and its expansion plans
The report published by Bloomberg comes at a time when FTX has gained much relevance within the cryptocurrency market, precisely by making acquisitions and credit lines to finance various projects in the sector that have been affected after the market crash.
Let us bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” in mind that at the beginning of this month FTX confirmed the acquisition of the cryptocurrency-based financial services platform a place to buy, sell and store cryptocurrency BlockFi, which will be made possible by the payment of some USD $240 million in addition to the previously established credit lines.
Similarly, there were also rumors about possible plans to acquire the platform for trading stocks and cryptocurrencies. Robinhood, but it was Bankman-Fried himself who denied such reports.
The truth is that FTX is contemplating to continue with its plans to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. certain companies in the crypto sector. A few days ago, Bankman-Fried confirmed this information, and assured that the company has “a few billion” to support ecosystem companies that have been affected by current market conditions.
It is worth noting that this same thing has also been doing Binance, whose CEO Changpeng Zhao (CZ) indicated that several of the proposals and requests made by companies to FTX have also crossed his desk. He also added that the intention is to help the ecosystem to move forward in this complex time, so they will also be allocating capital to support projects that have good prospects and have not been affected by the mismanagement of their managers.
- Sam Bankman-Fried reveals FTX has a few billion to back crypto companies
- Confirmed: FTX to formally acquire BlockFi for USD $240 million
- Binance’s Changpeng Zhao says “Not all projects are worth saving”.
Version by Angel Di Matteo / DiarioBitcoin
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