In testimony, U.S. prosecutors asked SBF: “Did you decide to spend billions of dollars on venture capital decisions in 2021 and 2022?”

SBF responded: “I think a few billion dollars of it was my decision.”

SBF also acknowledged his decision to spend billions on venture capital even before Alameda was ultimately hedged.

Crunchbase data shows that FTX Ventures has invested in nearly 70 startups.