Bestgamingpro

Product reviews, deals and the latest tech news

It will take a long time for FTX and Alameda’s significant investments in the crypto industry to wind down

Alameda Research was the investment arm of defunct cryptocurrency exchange FTX, and reading the spreadsheet detailing their portfolio of investments makes one wonder how they had time to do anything else. Maybe that was a contributing factor.

In the early days of the tech industry, FTX and its parent company, Alameda, were involved in a wide range of different companies. Up until now, the breadth of its roster was unclear.

Alameda’s private equity portfolio, including FTX positions, was first revealed in a spreadsheet shared by the Financial Times. In total, the document details $5.276 billion in investments spread across ten holding companies.

The extent to which FTX and Alameda, as well as their related companies, invested in the cryptocurrency industry is called into question by this spreadsheet from early November.

“I scratched my head at the FTX investments/acquisitions (i.e. Dave Inc/Storybook) last year and thought maybe SBF (as a genius) saw the market differently, and maybe I was losing my touch,” Framework Ventures co-founder Vance Spencer tweeted on Tuesday. After 2022, we can look back and say, “Nope, they were idiots; they burned the bank.”