Bitcoin.com News·Oct 15, 2026, 6:30 AM UTC

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

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$98B

ICE market value

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…

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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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