Tom Brady, Gisele Bundchen to Pick up Stake in Crypto Exchange FTX

By Reuters
Reuters
Reuters
July 1, 2021 Updated: July 1, 2021

National Football League quarterback Tom Brady and his supermodel wife, Gisele Bundchen, will each take an undisclosed equity stake in crypto exchange platform FTX Trading Ltd, the company said on Tuesday.

Under the deal, Brady will also become an FTX ambassador and Bundchen will take the role of environmental and social initiatives adviser. Both will receive an unspecified amount of cryptocurrency, the company said.

Tom Brady's wife Gisele Bundchen
Tom Brady’s wife Gisele Bundchen celebrates after the Tampa Bay Buccaneers beat the Kansas City Chiefs in Super Bowl LV at Raymond James Stadium at Tampa, Fla., on Feb 7, 2021. (Mark J. Rebilas/USA TODAY Sports via Reuters)

Founded and led by Sam Bankman-Fried, a 29-year-old crypto veteran billionaire, FTX is in talks to raise $1 billion at a valuation of $20 billion, according to media reports.

Earlier this year, Brady also said he would launch a Non-Fungible Token (NFT) platform called Autograph that will bring together iconic brands from sports, entertainment, fashion and pop culture to create digital collectibles.

Reuters
Reuters