Before the crash, FTX was valued at $32 billion. That money has now gone up the smoke. This article will discuss, "FTX Largest Investors Who Lost Million of Investment." Let's get started.
FTX Largest Investors Who Lost Millions of Investments
Sequoia Capital
It currently holds a 1.1 per cent stake in FTX. In early 2022, the value of Sequoia's investment peaked at $350 million. If the money is not recovered, it will become the largest lossmaker among the investors of FTX.
Temasek
The Singapore-based investment company owns a 1 percent stake in FTX. At the peak of its valuation in early 2022, its stake stood at $320 million. It had originally invested around $205 million in the firm.
Paradigm
Another investment firm, Paradigm, also owns around a 1 percent stake in the exchange. It originally invested around $215 million, and in early 2022, the value of its stake stood at $315 million. Interestingly, Alameda Research, which Sam Bankman-Fried al owned, had invested $20 million in Paradigm.
Ontario Teachers' Pension Plan
Around 3.3 lakh Canadian teachers' retirement savings are managed by this organization. It had made a roughly $95 million investment in FTX. The shareholding had a $125 million valuation at its highest point. Its stake stands at 0.4 percent.
Along with these significant investors, Tiger Global Management and SoftBank also made a series C round investment in the exchange in January 2022. However, their stake is unknown.
Some individual investors could also suffer significant losses. As of June 2021, NFL legend Tom Brady and model Gisele Bundchen respectively owned 0.15 percent and 0.09 percent of FTX. It is estimated that before the crash, the value of their investment must have $4 been ar million and $25 million, respectively.
FTX Largest Investors Who Lost Millions of Investments - Hopefully, this article can help you to get some knowledge.
