As per certain relevant sources, reports say that the investment arm of FTX firm originated and managed by billionaire Sam Bankman-Fried, has thought about taking a stake of 30% in SkyBridge Capital – Anthony Scaramucci’s capital that is invested in BTC, ETH, and other altcoins and crypto-asset agencies. This news was made public by dropping a tweet on the official account of Bloomberg Australia.
Scaramucci’s SkyBridge has been showing deep interest in the cryptocurrency sector lately. It has very often invested in both direct trading of several cryptos and also in different crypto exchanges. The funds collected by Scaramucci are meant to be utilized in supporting the capital growth and to invest in a fraction of cryptocurrency of about $40 million, which will join the rest investments on the balance sheet.
The originator of FTX, Sam Bankman-Fried, has even before put in efforts in making Scaramucci an ally. earlier, their firms had connected for a collaboration after the cryptocurrency meeting with SALT when FTX funded the annual crypto program arranged by SALT in North America, Asia, and the Middle East.
With mutual efforts, FTX and SkyBridge planned up a crypto-centered meet on the Bahama Islands – the site of FTX. The program was organized in April 2022 with such prominent personalities as Bill Clinton, Tony Blair, and football face Tom Braidy. In shorter words, FTX had turned out to be a funder for the cryptocurrency meet organized by SkyBridge.
Now, Bankman-Fried has mentioned that he desires to deal closely with SkyBridge Capital in reference to the firm’s investment deals on digital assets, and even on investments not related to crypto too.
Keeping in hand the data received till the end of June, SkyBridge has managed a sum of $2.5 billion, $800 million of which was invested in digital assets. Many times, the FTX has attempted in saving various crypto exchanges from drowning completely due to the Bitcoin dropdown.
FSkyBridge has managed a sum of $2.5 billion, $800 million of which was invested in digital assets. Many times, the FTX has attempted in saving various crypto exchanges from drowning completely due to the Bitcoin dropdown.
Gargi Sinha is working as Senior Journalist at Confea. She has completed her Masters in Journalism from Delhi University. She has interest in crypto and blockchain technology.