Sam Bankman-Fried’s FTX Ventures takes 30% stake in Scaramucci’s SkyBridge Capital

0
10

The investment arm of Sam Bankman-Fried’s crypto exchange FTX is taking a 30% stake in investment firm SkyBridge Capital. “We’re delighted about the transaction and think there’s a very bright future for Skybridge and, of course, for FTX,” Skybridge founder Anthony Scaramucci told CNBC, which first reported the deal. Skybridge will use a portion of the investment by FTX Ventures to deploy $40 million in cryptocurrency investments to hold on the company’s balance sheet, CNBC reported.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleMarket Snapshot: The wild card that could sink stocks: What investors need to know as the Fed unwinds liquidity that had helped fuel market gains
Next articleThe Human Cost: In America, it’s legal for kids as young as 12 to work on small farms. One former child laborer describes ‘dangerous and back-breaking work.’

LEAVE A REPLY

Please enter your comment!
Please enter your name here