FTXcrypto exchange, Anthony Scaramucciasset management firm SkyBridge Capitalwill buy 30 percent of the shares.
SkyBridge will use some of the funding from FTX’s investment to keep it on its balance sheet, while its $40 million crypto investment will continue to continue with the company’s investments.
SkyBridge to Distribute FTX Investment
FTX continues its investments despite bear market conditions. FTX Ventures, the investment arm of Sam Bankman-Fried’s FTX, this time Anthony Scaramucci’s SkyBridge Capitalwill receive shares from .
FTX Ventures, the investment arm of the Sam Bankman-Fried-led crypto exchange, will acquire a 30 percent stake in SkyBridge Capital, CNBC reported.
$FTX Ventures is taking a 30% stake in Skybridge Capital. @andrewrsorkin reports: pic.twitter.com/InSehcc0XV
— Squawk Box (@SquawkCNBC) September 9, 2022
According to CNBC’s Squawk Box, investment firm SkyBridge, led by Anthony Scaramucci, will use some of the funding from FTX’s investment to keep it on its balance sheet. He will use the part of his $ 40 million crypto investment to continue his investments.
SkyBridge’s focus has historically been traditional hedge funds, but during the last bull cycle the company has turned to investments in cryptocurrencies and technologies that crypto has to offer, with reports in July that it is planning a dedicated fund to Web3.
