“The primary goal of the raise was to [find] strategic allies who can help FTX grow its brand,” but the capital itself will be primarily used for acquisitions, says Sam Bankman-Fried, the 29-year-old founder and CEO of the exchange. In August 2020, FTX acquired Blockfolio, a popular portfolio tracking app, for $150 million. Non-crypto native firms, trading shops, NFT platforms, – “any of those are businesses where we think we have a lot of value to add, implementing the tools that we've built, and frankly, in some cases, us implementing what they’ve built,” he adds. The financing will also be spent on global expansion and growth acceleration.

https://www.forbes.com/sites/ninabambysheva/2021/07/20/bitcoin-exchange-led-by-worlds-richest-crypto-billionaire-raises-record-900-million/?sh=2fad4ed24e33