Cryptocurrency Q&A What did FTX spend money on?

What did FTX spend money on?

Caterina Caterina Tue May 07 2024 | 6 answers 1102
Could you please elaborate on the financial expenditures of FTX? As a leading player in the cryptocurrency industry, I'm particularly interested in understanding where and how FTX allocated its funds. Were there any significant investments made in technology development, marketing campaigns, or perhaps expansion into new markets? Did FTX invest in other cryptocurrency projects or startups? If so, which ones and why? Were there any major acquisitions or mergers that required significant financial outlays? Additionally, how did FTX prioritize its spending between operational expenses, capital expenditures, and research and development? I'm keen on understanding the financial strategy and allocation behind FTX's success. What did FTX spend money on?

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