TechFlow news, according to Blockworks, three sources familiar with the matter revealed that senior management at cryptocurrency exchange FTX are holding private discussions for a new funding round amounting to "billions of dollars." Additionally, FTX has been conducting a "fairly large-scale" hiring push, increasing its workforce from a recent 250 employees to 300. SBF stated that the "mid-term ceiling" for FTX's headcount should reach 1,000.
A sample estimate obtained by Blockworks from a third-party asset manager closely monitoring secondary trading of digital asset equities suggests FTX was valued at $32 billion in June, on par with its Series C valuation. It remains unclear whether the latest financing will give FTX a valuation matching those figures or the investment amount. However, market participants note that FTX typically trades with greater liquidity in the secondary crypto market than more traditional startups, suggesting this round may largely meet expectations.
