FTX’s Odd Relationship With Vertical Farming Firms — A Look at Exchange Boss Ryan Salame’s and Bahamian PM Philip Davis’ Trip to 80 Acres – Bitcoin News
Summary
One specific investment made by FTX Ventures Ltd. was for $25 million into the Ohio-based firm 80 Acres, a company that specializes in vertical farming. Hartnell detailed that government officials from Ohio were also present on the 80 Acres tour, alongside executives from Sysco Bahamas. As far as the Bahamas was concerned, Hartnell explained that Eeden and 80 Acres would invest $60m in developing a 71,000 square foot facility able to grow 300 times more food than a traditional farm.Furthermore, Salame reportedly gave $22 million to Republicans for the 2022 midterm election cycle, according to opensecrets.org data. Salame, a Sandisfield Massachusetts native, was known for being a big spender as he owned four restaurants and roughly six properties in Lenox, according to The Berkshire Eagle. Eedens co-founder Lincoln Deal recently talked about the disruptive changes in the agricultural industry at the University of The Bahamas, the same day FTXs financial troubles ensued.During his interview with Mario Nawfals Twitter Spaces crew, FTX co-founder Sam Bankman-Fried admitted that withdrawals to Bahamian residents took place before FTX fully collapsed, and possibly on two occasions.