Sam Bankman-Fried reportedly owns a $100 million stake in Elon Musk's 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.
Spokespeople for Twitter and FTX did not respond to a request for comment from Insider ahead of publication.previously revealed in September during the pretrial discovery process for Twitter's lawsuit against Musk over his attempts to ditch his purchase of the social app. Bankman-Fried's advisor, Will MacAskill, had reached out to Musk in March saying the FTX founder had considered buying Twitter himself and would be willing to contribute
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