SBF Buys Investor Tesla After Saying FTX Still Has a ‘Few Billion’

After saying that crypto exchange FTX still has “a few billion” to support struggling firms, Sam Bankman-Fried stayed true to his word to buy the crypto world’s famed comic relief, Greg, their own Tesla.

Greg shared photos of their brand new Tesla Model S Plaid today, saying that they went from being a speed typer to driving “the fastest car in the world.”

Contrary to Greg’s statement, the Bugatti Super Sport is the fastest car, running up to 305 mph. The Model S Plaid, though, is one of the fastest electric cars on the market.

Billy Markus, the founder of Dogecoin, congratulated Greg and jokingly reminded the crypto jester about the $67,500 in taxes. Markus retracted his tweet, saying that FTX might have paid for it and that he is clueless about how taxes work on corporate gifts.

Last week, the crypto comedian dared Bankman-Fried to buy them a Tesla if they can type more than 100 words per minute, which they accomplished with ease. The exchange between the two stemmed from Bankman-Fried’s tweet about typing speed and its correlation with productivity.

Much earlier, Bankman-Fried said he and FTX still have a “few billion” in their bag to support struggling crypto firms that could destabilize the digital asset sector. The FTX CEO these past weeks has extended help to asset platforms which wavered as cryptocurrency prices dipped.

“We’re starting to get a few more companies reaching out to us,” Bankman-Fried said in an interview.

Those firms are generally not in dire situations, though some smaller crypto exchanges may still fail, he said, adding that the industry has moved beyond “other big shoes that have to drop.

Voyager Digital and BlockFi recently received financial aid from Bankman-Fried firms Alameda Research and FTX, respectively. According to him, the goal of the bailouts was to protect client assets and stop the fallout from spreading throughout the whole crypto space.