{"id":66932,"date":"2022-09-09T15:09:38","date_gmt":"2022-09-09T12:09:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66932"},"modified":"2025-09-07T03:56:06","modified_gmt":"2025-09-07T00:56:06","slug":"ftx-ventures-to-acquire-a-stake-in-skybridge-capital","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ftx-ventures-to-acquire-a-stake-in-skybridge-capital\/","title":{"rendered":"FTX Ventures to acquire a stake in SkyBridge Capital"},"content":{"rendered":"<p>FTX Ventures to acquire 30% of Anthony Scaramucci&#8217;s SkyBridge Capital, <a href=\"https:\/\/www.prnewswire.com\/news-releases\/ftx-ventures-to-acquire-stake-in-skybridge-capital-301621035.html\">\u0433\u043e\u0432\u043e\u0440\u0438\u0442\u0441\u044f<\/a> in a press release.<\/p>\n<p>The deal amount was not disclosed.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abFTX Ventures&#8217; investments will provide SkyBridge with additional revolving capital to finance growth initiatives and launch new products. In addition, SkyBridge will allocate part of the funds to purchase $40 million of cryptocurrency to hold on its balance sheet as a long-term investment\u00bb, the company said.<\/p>\n<\/blockquote>\n<p>FTX CEO Sam Bankman-Fried said on CNBC that over the past year his team has gotten to know SkyBridge Capital up close.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">&#8220;We&#8217;ve gotten to know the team over the last year. We&#8217;ve been really excited about what they&#8217;ve been doing, and we wanted to become a part of that,&#8221; says <a href=\"https:\/\/twitter.com\/search?q=%24FTX&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$FTX<\/a> CEO <a href=\"https:\/\/twitter.com\/SBF_FTX?ref_src=twsrc%5Etfw\">@SBF_FTX<\/a> about buying 30% stake in Skybridge Capital. <a href=\"https:\/\/t.co\/PE3meHf6xU\">pic.twitter.com\/PE3meHf6xU<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1568205431356461056?ref_src=twsrc%5Etfw\">September 9, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe really liked what they were doing, and we wanted to be a part of it\u00bb, he noted.<\/p>\n<\/blockquote>\n<p>Earlier media reported <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-skybridge-froze-redemptions-of-shares-in-one-of-its-funds\">the freezing<\/a> SkyBridge Capital&#8217;s redemption of units in the Legion Strategies fund after the plunge in stock and cryptocurrency prices.<\/p>\n<p>Around 20% of the fund&#8217;s portfolio is allocated to startups that lack high liquidity. It was expected that some of them would gain public status this year.<\/p>\n<p>The flagship fund Multi-Adviser Hedge Fund Portfolios also faces challenges. In a conversation with The New York Times Scaramucci said investors had filed requests to withdraw $890 million. As of the end of March, the fund&#8217;s <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> stood at $2 billion \u2014 about 22% of assets were allocated to cryptocurrency investments.<\/p>\n<p>In June, FTX <a href=\"https:\/\/forklog.com\/en\/news\/ftx-to-provide-blockfi-with-a-250-million-revolving-credit-facility\">opened<\/a> a revolving credit line of $250 million for the BlockFi crypto-lending platform. A few days earlier, Alameda Research <a href=\"https:\/\/forklog.com\/en\/news\/sam-bankman-fried-explains-alameda-researchs-role-in-supporting-the-industry-amid-downturn\">provided<\/a> Voyager Digital a loan of $500 million.<\/p>\n<p>Subsequently, FTX&#8217;s U.S. subsidiary issued BlockFi another revolving credit facility of $400 million, <a href=\"https:\/\/forklog.com\/en\/news\/ftx-us-signs-deal-with-blockfi-with-option-to-acquire-the-lending-platform\">obtaining an option to acquire the platform<\/a> for $240 million.<\/p>\n<p>In August, Bloomberg reported interest from Bankman-Fried and Tron Foundation founder Justin Sun in <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-reports-sam-bankman-fried-and-justin-suns-interest-in-buying-huobi\">acquiring 58% of Huobi<\/a>. Later, the head of FTX <a href=\"https:\/\/forklog.com\/en\/news\/sam-bankman-fried-denies-plans-to-acquire-huobi\">denied<\/a> plans to acquire the Bitcoin exchange.<\/p>\n<p>He also <a href=\"https:\/\/forklog.com\/en\/news\/ftx-chief-rejects-plans-to-acquire-problematic-mining-firms\">ruled out<\/a> the purchase of \u00abproblematic\u00bb mining firms and <a href=\"https:\/\/forklog.com\/en\/news\/sam-bankman-fried-accuses-crypto-giants-of-indifference-toward-ailing-firms\">accused<\/a> giants in the digital asset space of indifference to faltering companies.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX Ventures will acquire 30% of Anthony Scaramucci&#8217;s SkyBridge Capital, according to the press release.<\/p>\n","protected":false},"author":1,"featured_media":66933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1236,2074],"class_list":["post-66932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ftx","tag-skybridge-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=66932"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66932\/revisions"}],"predecessor-version":[{"id":66934,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66932\/revisions\/66934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/66933"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=66932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=66932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=66932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}