FTX CEO Sam Bankman-Fried now single largest shareholder of Voyager Digital
On June 22, Voyager released a press release announcing a $ 200 million and 15,000 Bitcoin loan from Alameda Ventures. On June 17, Sam Bankman-Fried filed an “early warning” notice that it had personally purchased 14,957,265 shares.
Sambankman Fried owns 11% of Voyager.
The report continued,
“After the acquisition of the acquired shares, the acquirer, along with its affiliates, owns a total of 22,681,260 shares, or approximately 11.56% of the issued shares.”
As a result of the purchase, combined with his “affiliate” ownership through Alameda Ventures, SBF will be the largest single shareholder of Voyager Digital shares. According to Yahoo Finance, the next largest institutional investor is the Banc Funds Company with 417,315 shares (0.21%), and the largest investment trust is the Amplify Transformational Data Sharing ETF with 2,846,322 shares (1.45%).
The total number of institutional stocks is reported to be only 8.21% of the float. This means that SBF owns more shares than all other institutions combined. Free Float of Shares is currently registered as 60 million shares and the number of issued shares is 195 million. SBF and Alameda Ventures have 22.6 million shares and own more than one-third of the current floats.
Other SBF crypto investments
SBF is already Owns 7.8% Robin Hood’s trading traditional stocks and cryptocurrencies. FTX recently issued a $ 250 million loan to its crypto wallet and lending platform BlockFi. BlockFi is currently a privately held company, so you only need to report more than 10% of shareholders in a SEC document. Therefore, it is unclear whether SBF was given shares in return for this arrangement.Another SEC document is SBF Owns 8.4% Bitwise CryptoIndex Fund, the index of the top 10 cryptocurrencies
SBF seems keen to acquire shares in several other crypto exchanges. Alameda Ventures and SBF are listed as Voyager’s “insiders” as defined by Investopedia.
“A person who has access to valuable non-public information about a company or owns more than 10% of the company’s stock.”
Allegations of previous operation
Given SBF’s role as FTX CEO and his significant investment in Robin Hood, there may be concerns about the private information he has available.He has a history of accusations Bitcoin And other cryptocurrency operations. It is perfectly legal for SBF to own shares on a competitor’s exchange, as the definition of insider trading is “illegal use of sensitive, private information for commercial purposes.” There is no evidence that SBF violated the law of buying shares in return for funding a struggling crypto company.
