Two-year-old cryptocurrency exchange FTX announced a Series B extension round of $420 million at a $25 billion valuation. This follows a $1 billion Series B fundraise in July at an $18 billion capitalization.
Today’s round involved 69 investors, including Singapore’s state-owned investment firm Temasek, Sequoia Capital, Tiger Global, Ribbit Capital and funds and accounts managed by BlackRock.
Temasek was also a late addition to the earlier Series B round, which rose from an initially announced $900 million to a billion.
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