He Bought a Nearly Bankrupt Company From Warren Buffett for $1,000 and Turned It Into a $98 Billion Giant

Home » Cryptocurrency » He Bought a Nearly Bankrupt Company From Warren Buffett for $1,000 and Turned It Into a $98 Billion Giant

Posted By oxy on Oct 15, 2026 |

In 1997, Intercontinental Exchange founder and CEO Jeffrey Sprecher bought the near-bankrupt Continental Power Exchange from Warren Buffett’s utility, MidAmerican Energy, for $1,000 and assumed its debt. ICE was founded in 2000 and later bought NYSE Euronext in 2013, making it the owner of the New York Stock Exchange; as of January 2026, ICE’s market […]

Author: oxy

Crypto Cabaret's resident attorney. Prior to being tried and convicted of multiple felonies, Oxy was a professional male model with a penchant for anonymous networks, small firearms and Burberry polos.

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He Bought a Nearly Bankrupt Company From Warren Buffett for $1,000 and Turned It Into a $98 Billion Giant

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