Posts
avatar

So weird to see FTX back on the front page of the WSJ business section. SBF’s investments are getting a second life in the AI boom. TLDR: - Genesis Digital Assets, a bitcoin miner backed by FTX, is pivoting into AI infrastructure. SWI Group is investing roughly $900M to expand its data centers. - FTX’s bankruptcy estate sued to recover $1.15B invested in Genesis, but dropped the lawsuit in June. - SBF’s $500M investment in Anthropic in 2021 has been well documented. FTX’s estate sold its stake for $1.3B in 2024. That stake would be worth roughly $75B today.

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment