Sam Bankman-Fried’s FTX Ventures continues to invest continuously and will acquire a 30% stake in the investment firm SkyBridge Capital led by Anthony Scaramucci, accordingly.CNBC reports today
SkyBridge will use part of the capital to invest $40 million in crypto investments. for long term investment
followpress releaseFTX Ventures’ investment will provide SkyBridge with additional working capital to support growth and new product launches.
The deal is the latest collaboration between the two companies. They previously signed a multi-year partnership in support of the global SALT Conference and co-presenting the Crypto Bahamas.
“After working with Anthony and his team following the SALT collaboration, we found the opportunity to work closely together in ways that could complement our two businesses. And we look forward to working closely with SkyBridge on crypto investment activities, and they are also promising non-crypto investments,” Bankman-Fried said.
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