FTX’s CEO says the company still has a sizable amount of money to pour into acquisitions, the CEO said in a new interview with CNBC’s Squawk Box.
“We try to fill the treasury, so to speak. We’ve had a few billion investments in this and it’s approximately the amount that we raised in the last year. And on top of that we were profitable. ”
Following the market’s sharp decline this year, FTX has invested in several companies in the cryptocurrency space, such as Anthony’s Scaramucci hedge fund SkyBridge Capital.
Last month, the CEO said that he wished other companies in the industry would assist him in saving companies damaged by the market downturn.
“It’s not good for anybody in the long run if we’re really hurting, if we’re really struggling then it’s not fair to customers. It’s not going to be good for regulations. It’s not going to be good for anything. From a long-term standpoint, that’s just what matters to the ecosystem.
It is important that people can operate in the ecosystem without fear that unknown unknowns will somehow blow them away. “