Crypto exchange FTX is reportedly in talks to raise up to $1 billion and preserve its $32 billion valuation.
. The January Series C round saw the exchange raise $400 million at a $32 billion valuation.
Negotiations are still ongoing and terms are subject to change. The capital would go towards additional dealmaking, CNBC reported. Since the onset of crypto winter, FTX has been on a buying spree, purchasing distressed assets and making deals with struggling firms. In June, it brokered a deal with BlockFi that outlines a path to acquiring the lender.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Aislinn Keely joined The Block in the summer of 2019. She is a member of the outlet's policy team, holding down the legal beat. Before The Block, she lent her voice to the NPR affiliate WFUV, where she reported and anchored newscasts in addition to some podcast work.
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