Sam Bankman-Fried explains how FTX would approach a Celsius bid
FTX founder says company has paid "fair market price" for Voyager assets and will seek to do the same as part of an agreement for Celsius' assets.
New
FTX Founder and CEO Sam Bankman-Fried has shared details on how his company will approach acquiring Celsius's assets.
The comments come in light of FTX US buying the assets of bankrupt crypto lender Voyager Digital for $1.3 billion via auction last week and a recent report that FTX was also considering an offer for Celsius assets.
Responding to a tweet from BnkToTheFuture founder Simon Dixon alleging that FTX was "raising funds at a valuation of $32 billion" in order to buy Celsius's assets at "cents on every dollar", Bankman-Fried clarified that his company's offer was determined at "fair market price, no discounts. »
Are you ready to discuss a plan to make up the difference with equity? Got some ideas that will make the community very happy with the deal? DM me. It really had an impact on the lives of many people.
— Simon Dixon (Beware of Copycats) (@SimonDixonTwitt) October 2, 2022Bankman-Fried said his company's goal "is not to make money buying assets at pennies on the dollar," but rather focuses on satisfying customers, declaring:
"[T]he goal is not to make money buying assets one hundred percent, but to pay $1 on $1 and return $1 to customers. If we were to get involved in Celsius would be the same.”
Reports that FTX had secured the winning bid for Voyager Digital's assets first emerged on September 27, with the deal reportedly worth $1.4 billion.
Little information has been given on the fate of Voyager clients and their crypto holdings, with the platform only mentioning that the US FTX platform “will allow clients to trade and st...
FTX founder says company has paid "fair market price" for Voyager assets and will seek to do the same as part of an agreement for Celsius' assets.
New
FTX Founder and CEO Sam Bankman-Fried has shared details on how his company will approach acquiring Celsius's assets.
The comments come in light of FTX US buying the assets of bankrupt crypto lender Voyager Digital for $1.3 billion via auction last week and a recent report that FTX was also considering an offer for Celsius assets.
Responding to a tweet from BnkToTheFuture founder Simon Dixon alleging that FTX was "raising funds at a valuation of $32 billion" in order to buy Celsius's assets at "cents on every dollar", Bankman-Fried clarified that his company's offer was determined at "fair market price, no discounts. »
Are you ready to discuss a plan to make up the difference with equity? Got some ideas that will make the community very happy with the deal? DM me. It really had an impact on the lives of many people.
— Simon Dixon (Beware of Copycats) (@SimonDixonTwitt) October 2, 2022Bankman-Fried said his company's goal "is not to make money buying assets at pennies on the dollar," but rather focuses on satisfying customers, declaring:
"[T]he goal is not to make money buying assets one hundred percent, but to pay $1 on $1 and return $1 to customers. If we were to get involved in Celsius would be the same.”
Reports that FTX had secured the winning bid for Voyager Digital's assets first emerged on September 27, with the deal reportedly worth $1.4 billion.
Little information has been given on the fate of Voyager clients and their crypto holdings, with the platform only mentioning that the US FTX platform “will allow clients to trade and st...
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