Sam-Bankman Fried’s crypto exchange FTX is reportedly holding investors discussions to secure $1 billion via fundraising, as it aims to devote capital for financial acquisitions during the bear market. 

Specifically, the discussions are still being carried out, with the details could still undergo adjustments. If found to be true, the funding sum would help maintain the FTX’s existing valuation of approximately $32 billion. 

The potential $1 billion fundraising would add to the $400 million FTX secured in January, and could be a sign of strong investor faith in the firm regardless of the sphere experiencing bearish movements.

Additional details are sparse at this stage. Nonetheless, sources claimed that a few of the new funds would be dedicated to extra wheeling and dealing throughout the crypto sphere, which does not come across as a surprise, judging from the active attitude FTX and SBF’s quantitative research entity Alamada Research adopted in the bear market.

A possible FTX purchase of beleaguered crypto lender Voyager Digital has been a rumour flying around since July, following the outlines of a joint proposal with Alameda to buy Voyager following its filing for bankruptcy.

The proposal was slammed by Voyager, describing it in New York bankruptcy court filings as “a low-ball bid dressed up as a white knight rescue” and as a move “designed to generate publicity for itself rather than value for Voyager’s customers.”

FTX has continued with its hunting process, nonethless, with Voyager beginning the auction of its remaining assets on Sept. 13.

Per insights from a Wall Street Journal (WSJ) report, both Binance and FTX are claimed to now be the leading bidders of Voyager’s assets, with Binance’s bid revealed to hovering around the $50 million benchmark and FTX being just slightly under that figure. 

The auction is running until Sept. 29 and the WSJ stated that neither bid has been accepted at this stage.