FTX sees a massive hike in revenue this year as reports show it increased by more than 1000 percent from 2021
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While maintaining the company's valuation at about $32 billion, Sam Bankman-crypto Fried's conglomerate FTX is in talks with investors to raise $1 billion in new capital. A source reported that negotiations are still taking on. The source wished to remain anonymous because the discussions are private.
In addition to the $400 million FTX raised in January, the prospective $1 billion investment round could indicate significant investor confidence in the company despite the industry's long crypto winter.