skip to Main Content
bitcoin
Bitcoin (BTC) $ 95,004.45 0.03%
ethereum
Ethereum (ETH) $ 1,809.88 1.11%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.23 2.43%
bnb
BNB (BNB) $ 601.66 0.26%
solana
Solana (SOL) $ 147.65 0.69%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.175789 1.77%
cardano
Cardano (ADA) $ 0.699894 2.04%
tron
TRON (TRX) $ 0.245455 0.82%

SkyBridge’s Bitcoin Cache Rises to $310M

Former White House Communications Director Anthony Scaramucci.
(Chris Williamson/Getty Images)

SkyBridge’s Bitcoin Cache Rises to $310M

Skybridge Capital, the hedge-fund investing firm headed by Anthony Scaramucci, confirmed its launch of a new bitcoin fund Monday and said its exposure to bitcoin has already reached $310 million.

  • The announcement, made in a press release, comes a week after CoinDesk reported on the fund’s launch, citing a marketing brochure that was circulating among investors.
  • At that point, the firm’s investment across funds investing in bitcoin stood at $182 million.
  • Read More: SkyBridge Capital Has Already Invested $182M in Bitcoin
  • According to a SkyBridge spokeswoman, the increase in the position was mostly due to market appreciation, with a small amount of additional purchases.
  • “With global money printing at an all-time high, bitcoin offers a strong alternative to gold as a store of value and hedge against future inflation,” Ray Nolte, SkyBridge’s co-chief investment officer, said in the press release.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top