Scaramucci Invests $50 Million From Crypto Billionaire SBF

Scaramucci Invests  Million From Crypto Billionaire SBF


An unflattering image stuck in Anthony Scaramucci’s mind: a picture of himself at sea, dressed in a sharp suit – but drowned in a boat he called the SS Mooch as his bitcoin shipment fell into the water.

The owner of the cartoon in July New York Post article About Scaramucci’s SkyBridge Capital clients seeking to withdraw funds from his company, which this summer halted redemptions from a fund that bets heavily on cryptocurrency.

Less than two months later, at this week’s SkyBridge Alternatives, AKA SALT conference in New York City, Mooch can sniff a little. His hedge fund manager had just secured a nearly $50 million investment from FTX Ventures, the investment vehicle of crypto billionaire Sam Bankman-Fried, which had acquired a 30% stake in Skybridge.

“It’s a shocking photo, and I’m going downhill,” Scaramucci said of the Tuesday post photo in SALT. “And now, one of the largest and richest companies in the world has invested $50 million in our company, and what are the lessons there? Don’t listen to the bullshit, don’t listen to the noise, stay the message, do yourself a favor by the message.

The deal with Bankman-Fried gives the crypto billionaire a three-year option to acquire 85% of Scaramucci’s $2.8 billion pool of funds, financial times mentioned, referring to Scaramucci’s insistence that “we don’t need Sam’s money… to run the business.” FTX reports that FTX has invested $45 million in SkyBridge.

Scaramucci is in line to retain a 15% stake in SkyBridge, which he founded in 2005, if FTX exercises that option. He had previously planned to leave SkyBridge when China’s HNA sought to buy SkyBridge in 2017, but it remained at that time. That deal failed.

Scaramucci also served as former President Donald Trump’s communications director for 10 days before he was He was fired after lewd criticism of his colleagues in the White House In a phone call, Scaramucci said he thought it was unofficial.



Source link

Leave a Comment