• September 28, 2023


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FTX Ventures Plans to Purchase Stake in SkyBridge Capital

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FTX Ventures, the investment branch of crypto derivatives exchange FTX, plans to acquire a 30% stake in Anthony Scaramucci-founded SkyBridge Capital.

It is important to note that the the amount of the transaction has not disclosed in the press release.

The company has said:

“FTX Ventures’ investment will provide SkyBridge with additional working capital to fund growth initiatives and new product launches. In addition, SkyBridge will use part of the funds to purchase $40 million worth of cryptocurrency to keep it on the balance sheet as a long-term investment.”

According to FTX CEO Sam Bankman-Fried, over the past year, his team has become intimately acquainted with SkyBridge Capital.