FTX Investment Arm Buys 30% Stake in Anthony Scaramucci’s Skybridge Capital As Expansion Spree Continues

The funding arm of Samuel Bankman-Fried’s crypto derivatives change FTX is shopping for a sizeable stake in Anthony Scaramucci’s SkyBridge Capital.

The previous White Home Communications Director revealed that FTX Ventures is buying a 30% stake within the different investments agency.

“FTX Ventures and [FTX] are buying a stake in [SkyBridge Capital]. Sam and I’ve gotten to know one another for the final two years and have partnered collectively on a number of issues (together with SALT Convention and Crypto Bahamas). We couldn’t be extra enthusiastic about this partnership.

There’s a small universe of outdoor traders SkyBridge would ever take into account partnering with, and Sam Bankman-Fried is one in all them. Sam is the true deal, and, for my part, is constructing FTX into the Amazon of economic companies. He even has me dressing like a millennial.”

SkyBridge says it is going to use a number of the funds from the sale to purchase $40 million in cryptocurrencies to carry as a long-term funding. The corporate says it’s at present worthwhile and debt-free regardless of the crypto downturn.

In a brand new press launch, Bankman-Fried says the acquisition by FTX Ventures builds on his relationship with Scaramucci.

“After working with Anthony and his group following our SALT convention partnership, we noticed there was a chance to work nearer collectively in ways in which may complement each our companies. We look ahead to collaborating carefully with SkyBridge on its crypto funding exercise and likewise working alongside them on promising non-crypto-related investments.”

The deal follows FTX’s spree of investments within the crypto area in an effort to buoy the business together with a $250 million cope with lending platform BlockFi.

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Featured Picture: Shutterstock/Yurchanka Siarhei

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