Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2022-04-22 21:42:27

Anthony Scaramucci's SkyBridge Capital rolls out Bitcoin mining fund

SkyBridge Capital, a New York-based investment firm founded by former White House Communications Director Anthony Scarammuci, has started a new fund to invest in Bitcoin (BTC-USD) mining businesses, according to an SEC filing Thursday. The new SkyBridge BTC Mining limited partnership has raised $7.04M, the filings showed. Specifically, the hedge fund will co-invest with other limited partners in Bitcoin (BTC-USD) miner Genesis Digital Assets for the second time, a source with knowledge on the matter told CoinDesk. The move comes after SkyBridge took part in Genesis' $431M fundraise last year, CoinDesk reported Sept. 21, 2021. In January, the Securities and Exchange Commission rejected SkyBridge's Spot Bitcoin ETF.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer