Crypto Giant FTX Buys Stocktwits Stake
Cryptocurrency exchange FTX has signed a series of high-profile sports and entertainment deals this year, according to decrypt news. Now, according to multiple sources, FTX and its founder Sam Bankman-Fried are entering the media space by taking a stake in popular social investment site Stocktwits. The deal will involve an initial investment of about $20 million from FTX, with an option to buy Stocktwits outright, according to two sources who asked not to be named. Stocktwits declined to confirm or deny the deal, while FTX and Bankman-Fried did not immediately respond to requests for comment.