Anthony Scaramucci, the founder and managing partner of SkyBridge, tweeted about the transaction stating SkyBridge would only consider partnering with "a small number of outside investors, and @SBF FTX is one of them."
Separately, he commented,
"This won't significantly impact our day-to-day business and doesn't change our strategy. We will remain a diversified asset firm while investing heavily in blockchain."
According to its website, SkyBridge, handled nearly $2.5 billion, including more than $800 million in digital assets. Over the last year, the two businesses have worked together on the SALT (SkyBridge Alternatives) Conferences and the Crypto Bahamas conference.
Bankman-Fried stated to CNBC,
"We've gotten to know the team over the last year. We've been really excited about what they've been doing from the investment angle, growing out the community- the digital assets community and the traditional asset community - bringing them together."
Scaramucci has been a strong supporter of cryptocurrencies since SkyBridge started investing in Bitcoin (BTC) in 2020. The company has largely been unaffected by the collapse of the cryptocurrency market, despite announcing in July the halt of withdrawals from its crypto-exposed Legion Strategies fund.
Since the beginning of the crypto winter, Bankman Fried's companies have engaged in a frenzy of purchase activity. In May, SBF acquired a 7.6% stake in the online brokerage Robinhood. BlockFi received a $400 million revolving loan from FTX.US, and in July, FTX made an offer to acquire part of the debts owed by Voyager Digital, which had filed for bankruptcy.