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Anthony Scaramucci, founder of SkyBridge Capital, invests in a crypto company founded by the former president of FTX US.
Scaramucci told Bloomberg that he will invest his personal money to back former FTX US president Brett Harrison’s new venture, which came to light just three weeks after the collapse of crypto exchange FTX.
The crypto software company (not yet named) is understood to allow crypto traders to create algorithm-based strategies to access various markets, both centralized and decentralized.
It is also understood that Harrison was seeking a fundraising target of as much as $10 million for a $100 million valuation.
In a Jan. 14 tweet, in response to Harrison’s long thread about his time at FTX US with Sam Bankman-Fried, Scaramucci was “proud” to be an investor in Harrison’s new company. said.
Brett We are proud to invest in your new company. move on. don’t look back I wish you the best of luck.
— Anthony Scaramucci (@Scaramucci) January 14, 2023
Harrison responded to a tweet thanking Scaramucci, writing, “Your support and advice means the world to me. Can’t wait to work with you!”
However, the amount of capital Scaramucci has deployed and the amount of shares it has received has not been disclosed.
Harrison’s new crypto venture was first hinted at on Sept. 27 when he announced he would be stepping down from his role as president of FTX US.
At the time, he said he was stepping down from his position as president, but would remain with the exchange in an advisory role for the next few months.
“I can’t wait to share more about what I’m up to next,” he said at the time.
In his latest Twitter thread, Harrison clearly He left the company after his relationship with Bankman-Fried suddenly soured, and he said the troubles led him to “shift his focus to the future and his own company.”
Related: Skybridge Eyes Stock Buyback From FTX As Galaxy CEO Says He Wants To ‘Punch’ SBF
Meanwhile, Scaramucci remains optimistic about the recovery of the cryptocurrency market this year, describing the market outlook for 2023 as a “year of recovery.”
In an interview with CNBC on Jan. 15, crypto investors said they expect Bitcoin (BTC) to recover to the $50,000 to $100,000 range within the next two to three years.
“You take risks, but you also believe. [Bitcoin] passed. So, if the hiring is done right, in the next two to three years he could be from $50,000 to he’s $100,000 in assets,” he added.
At the time of this article’s publication, Bitcoin is currently trading at $21,240, up 21.77% from last week.
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