Cryptocurrency exchange FTX will spend “billions” of dollars buying shares in other companies to expand its product line. This was stated by its chairman, Sam Bankman-Fried, in a conversation with Bloomberg.

“FTX is a profitable company. You can look at the amount we’ve collected in the last year or two, several billion dollars. This gives you an idea of ​​where we are in cash on the balance sheet, which was obvious. [инструмента] for potential acquisitions,” he said.

In July 2021, FTX raised $900 million in its Series B funding round, which subsequently increased to $1 billion. In October of the same year, the company closed a Series B-1 round worth over $420 million, bringing its valuation to $25 billion. .

In January 2022, FTX received an investment of $400 million. The exchange was valued at $32 billion. In the same month, the company’s US subsidiary raised a similar amount, with a valuation of $8 billion.

The firm actively incorporates the players in the sector and buys shares in related institutions. Last year, FTX.US acquired cryptocurrency derivatives platform LedgerX and acquired its parent company, Japanese bitcoin exchange Liquid.

“We have always been open to this and will continue to keep our eyes open,” said Bankman-Fried about the FTX deals.

The head of the company noted that its aim is to offer investors a wide range of products, including classic stock trading. According to him, the exchange is interested in acquiring projects with a large number of users or teams with extensive experience in areas outside of FTX’s competence.

Recall that in May, CNBC journalists learned of the company’s plans to acquire one of the “unicorns” of the online brokerage business.