Venture capital giant Sequoia, which wrote off the entirety of its $150 million investment in FTX this week, justified its investment in the company by citing FTX’s strong 2021 financials. The venture fund touted FTX’s $1 billion in revenues and $250 million in operating income as evidence of the company’s legitimacy, both figures CoinDesk’s leaked Prager Metis reports corroborate.
Related posts
-
U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX’s Collapse
“However, significant inflows would depend on broader market sentiment and risk appetite. Currently, however, we’ve recently... -
These Are The Altcoins In Buy Zone, Analytics Firm Reveals
The on-chain analytics firm Santiment has revealed the altcoins that are currently in the historical buy... -
Crypto Custody Firm Anchorage Offers Investment Returns Through Deal With Cumberland-Backed Hashnote
“It’s almost an American tradition at this point to say that there’s more than one way...