Elon Musk’s SpaceX & Boring Company Show Up As Alameda’s Top Investments

FTX’s former CEO, Sam Bankman-Fried may have become synonymous with the collapse of the FTX exchange, but it’s much more than that. Alameda Research, the trading firm of the FTX empire plays a much more crucial role in the whole FTX drama. According to reports, Alameda spent billions of dollars in private investments in companies ranging from bluechips to crypto and early-age startups.

Alameda’s Private Equity Portfolio

According to recent reports, data has been gathered that possibly indicates where all the missing funds went; a question that SBF repeatedly dodged in his interviews to answer.

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Ten holding corporations hold the dispersed collection of roughly 500 illiquid investments. And, as per the data, the overall investment value is greater than $5.4 billion.

The private equity portfolio of Alameda Research made sizeable investments into crypto miner Genesis and the artificial intelligence research group Anthropic. Apart from these, investments into Elon Musk’s SpaceX & Boring Company have also come up along with the likes of Sequoia Capital & Anthony Scaramucci’s SkyBridge Capital.

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These investments were made through “K5 investments”  and a total of $300 million is reported to be invested in it.

Alameda’s Crypto Bets

The majority of Alameda’s unspent capital has been put into crypto and other DeFi initiatives like TrueFi, Magic Eden, Burnt Finance, Parallel Finance, Solfarm, Sundaeswap, Sahicoin and others.

Other non-linear crypto investments include Chingari, Dune Analytics, Messari, DaoSquare and others.

Alameda’s Non-Crypto Bets

However, the list also contains a significant number of up-and-coming startups that do not bear any relation to crypto. These investments include a number of video game studios, betting platforms, online banks, publishing companies, a fertility clinic, a military drone manufacturing company and also a business that specializes in vertical farming.

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has seen it all.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.