SkyBridge Capital founder Anthony Scaramucci is investing in a cryptocurrency company founded by the former president of FTX US.
According to In an email to Bloomberg, Scaramucci said he would invest his own personal funds to support former FTX US president Brett Harrison’s new venture, which became known just three weeks after the collapse of the FTX crypto exchange.
The as-yet-unnamed crypto software company is understood to allow crypto traders to create algorithm-based strategies to access different markets, both centralized and decentralized.
It is also understood that Harrison has been seeking a fundraising target of up to $10 million for a $100 million valuation.
In a January 14 tweet in response to Harrison’s lengthy thread about Sam Bankman-Fried and his time at FTX U, Scaramucci said he was “proud” to be an investor in Harrison’s new company.
Brett, I’m proud to be an investor in your new company. Move along. Do not look back. Wishing you all the best.
— Anthony Scaramucci (@Scaramucci) January 14, 2023
Harrison responded to the tweet by thanking Scaramucci, adding that “your support and advice mean a lot to me. I can’t wait to work together!”
However, the amount of capital deployed and the stake received by Scaramucci was not disclosed.
Harrison’s new crypto company was first hinted at on September 27, 2022, when he announced that he would be stepping down as president of FTX US.
At the time, he said he would step down as chair, but will remain on the exchange in an advisory role for the next several months.
“I can’t wait to share more about what I’m doing next,” he said at the time.
In his most recent Twitter thread, Harrison revealed that he left the firm after his relationship with Bankman-Fried abruptly deteriorated and that the problems led him to change his “focus toward the future and toward my own company.”
Related: Skybridge eyeing FTX share buyback as Galaxy CEO says he would like to ‘hit’ SBF
Meanwhile, Scaramucci continues to have high hopes for the recovery of the crypto market this year, describing the market outlook for 2023 as a “recovery year.”
in a interview Speaking with CNBC on Jan. 15, the crypto investor said he expects Bitcoin (BTC) to rally to the $50,000-100,000 range in the next two to three years.
“You are taking risks but you are also believing in [bitcoin] adoption. So if we get the adoption right, and I think we will, this could easily be a fifty to a hundred thousand dollar asset over the next two to three years,” he added.
BTC is currently trading at $21,240 up 21.77% over the past week.
