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Bankman-Fried says FTX prepared to spend billions on acquisitions: Bloomberg

Crypto exchange FTX is ready to spend billions of dollars for stakes in other companies, Chief Executive Officer Sam Bankman-Fried told Bloomberg in an interview. The billionaire CEO, who’s also a co-founder of FTX, said on Friday that recent fundraising of more than $2 billion by the company and its US entity may be used for the investments aimed at expanding its range of services to its customers. “FTX is a profitable company,” he said. “You can look at the …