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Sam Bankman-Fried is the Sole Largest Shareholder of Voyager Digital

source-logo  cryptoknowmics.com 23 June 2022 04:09, UTC

Voyager announced a $200 million loan from Alameda Ventures and 15K Bitcoins in a news statement on June 22. Sam Bankman-Fried directly purchased 14,957,265 Shares, according to an "early warning" notification submitted on June 17.

Sam Bankman-Fried Owns 11% of Voyager

SBF is the most significant single stakeholder of Voyager Digital shares as a result of the acquisition combined with his "affiliate" holding through Alameda Ventures. According to Yahoo Finance, Banc Funds Company is the next-biggest institutional holding with 417,315 shares (0.21 percent). Amplify Transformational Data Sharing ETF is the largest mutual fund with 2,846,322 shares (1.45 percent.) The report continued,

"Following the acquisition of the Acquired Shares, the Acquiror and its affiliate own an aggregate of 22,681,260 shares, representing approximately 11.56% of the outstanding Shares."

SBF has more shares than all other institutions combined because the total number of institutional shares is only 8.21 percent of the float. With 195 million shares outstanding, there are currently 60 million free float shares. SBF and Alameda Ventures now possess over one-third of the outstanding stock with 22.6 million shares.

Additional SBF Crypto Investments

SBF already owns 7.8% of the cryptocurrency and traditional stock trading platform Robinhood. A cryptocurrency lending platform and wallet, BlockFi, recently received $250 million in financing from FTX. BlockFi is now a privately held business. Therefore, SEC filings only need to list stockholders with more than 10% of the company. Consequently, whether SBF received shares in exchange for this arrangement is unclear. According to another SEC record, SBF owns 8.4% of the Bitwise Crypto Index Fund, an index of the top 10 cryptocurrencies.

cryptoknowmics.com