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FTX CEO Sam Bankman-Fried now single biggest investor of Voyager Digital

FTX CEO Sam Bankman-Fried now single largest shareholder of Voyager Digital FTX CEO Sam Bankman-Fried now single biggest investor of Voyager Digital Liam ‘Akiba’ Wright · 2 hours back · 2 minutes read

FTX CEO Sam Bankman-Fried has now gotten 11% of Voyager Digital to end up being the single biggest investor

2 minutes read

Updated: June 23, 2022 at 3: 18 am

FTX CEO Sam Bankman-Fried now single largest shareholder of Voyager Digital

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On June 22, Voyager launched a news release revealing a $200 million and 15 K Bitcoin loan from Alameda Ventures. On June 17, it submitted an “early caution” notification that Sam Bankman-Fried had actually personally bought 14,957,265 Shares.

Sam Bankman-Fried owns 11% of Voyager.

The report continued,

” Following the acquisition of the Acquired Shares, the Acquiror together with its affiliate own an aggregate of 22,681,260 Shares, representing roughly 11.56% of the exceptional Shares.”

As an outcome of the purchase, when integrated with his “affiliate” ownership through Alameda Ventures, SBF is the biggest single investor of Voyager Digital shares. According to Yahoo Finance, the next biggest institutional holder is Banc Funds Company, with 417,315 shares (0.21%), and the biggest shared fund is Amplify Transformational Data Sharing ETF, with 2,846,322 shares (1.45%.)

The overall variety of institutional shares is reported as simply 8.21% of the float, implying SBF owns more shares than all other organizations integrated. The totally free float of shares is presently signed up as 60 million, with 195 million shares exceptional. At 22.6 million shares, SBF and Alameda Ventures now own more than one-third of the existing float.

Other SBF crypto financial investments

SBF currently owns 7.8% of Robinhood, which trades standard stocks and cryptocurrency. FTX just recently released a $250 million loan to BlockFi, a crypto wallet and loaning platform. BlockFi is presently an independently held business and hence just needs to report investors above 10% in SEC files. It is unidentified if SBF was provided equity in return for this plan. Another SEC file reveals that SBF owns 8.4% of Bitwise Crypto Index Fund, an index of the top 10 cryptocurrencies.

It appears SBF is eager to get a stake in a number of other crypto exchanges. Alameda Ventures and SBF are noted as an “experts” in Voyager, which Investopedia specifies as

” somebody with either access to important non-public info about a corporation or ownership of stock equating to more than 10% of a company’s equity.”

Previous accusations of adjustment

Given SBF’s function as CEO of FTX and a significant stake in Robinhood, there might be issues concerning non-public details offered to him. He has a history of allegations of Bitcoin and other cryptocurrency control. It is totally legal for SBF to own shares in rival exchanges as the meaning of expert trading is “the prohibited usage of non-public product details for earnings.” There is no proof that SBF has actually broken any laws in buying shares in return for offering lines of financing to having a hard time crypto business.

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