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Sam Bankman-Fried Reportedly Owns a $100 Million Stake in Elon Musk’s Twitter

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Embattled FTX founder Sam Bankman-Fried owns a stake in Twitter that's worth about $100 million, according to a report from Semafor.

After midnight on May 5, a few weeks after Musk offered to buy Twitter for $44 billion, the Tesla CEO texted Bankman-Fried, inviting him to roll over his public Twitter shares into a stake in Musk's privately-held company, the publication reported. An FTX balance sheet from this month lists the Twitter shares as an "illiquid" asset, per Semafor.

Musk's text followed a message from Bankman-Fried in which he expressed his support for Musk's plans for Twitter and said he wouldn't be able to invest new money in Twitter, Semafor reported. The crypto founder added he had about $100 million in stock he could roll over into the deal, the publication said.

(By Grace Kay)

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