Insider: SBF holds 0.1% to 0.2% ownership stake in Twitter, potentially cashing out around $100 million from the acquisition deal.

According to sources cited by The Block, FTX founder Sam Bankman-Fried (SBF) may cash out up to $100 million in cash from the acquisition of Twitter by Elon Musk. Prior to the acquisition, SBF holds between 0.1% to 0.2% of Twitter's shares, valued at around $50 million to $100 million.

According to sources cited by The Block, FTX founder Sam Bankman-Fried (SBF) could cash out up to $100 million from Elon Musk's acquisition of Twitter. Prior to the completion of the acquisition, SBF held between 0.1% to 0.2% of Twitter's shares, valued at approximately $50 million to $100 million.

Additionally, sources mentioned that SBF had considered participating in the deal between Musk and Twitter but ultimately did not invest. "Following a phone call between the two, SBF told Elon Musk that he was no longer interested in being part of the Twitter acquisition," the sources said.

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