Cryptocurrency exchange FTX will acquire a 30 percent stake in Anthnoy Scaramucci’s asset management firm SkyBridge Capital.
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 to invest despite bear market conditions. FTX Ventures, the investment arm of Sam Bankman-Fried’s FTX, will this time take a stake in Anthony Scaramucci’s SkyBridge Capital.
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.
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