SkyBridge Capital founder Anthony Scaramucci is investing in a crypto company founded by the former president of FTX US.
Scaramucci told Bloomberg in an email that he would invest his own personal funds to support ex-FTX US President Brett Harrison’s new venture, which was unveiled just three weeks after crypto exchange FTX collapsed .
The crypto software company – which has no name yet – is believed to allow crypto traders to create algorithm-based strategies to access different markets, both centralized and decentralized.
Harrison is also understood to have sought a fundraising target of up to $10 million for a $100 million valuation.
In a Jan. 14 tweet responding to Harrison’s lengthy thread about Sam Bankman-Fried and his time at FTX US, 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. Go forward. Do not look back. Wish you the best.
— Anthony Scaramucci (@Scaramucci) January 14, 2023
Harrison responded to the tweet, thanked Scaramucci and added, “Your support and advice mean the world to me. I can’t wait to work together!”
However, the amount of capital employed and the stake received by Scaramucci was not disclosed.
Harrison’s new crypto venture was first hinted at on September 27, when he announced he was stepping down from his role as president of FTX US.
At the time, he said he was stepping down 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 doing next,” he said at the time.
In his latest Twitter thread Harrison uncovered that he left the company after his relationship with Bankman-Fried abruptly deteriorated, and that the troubles caused him to shift his “focus on the future and on my own business.”
Related: Skybridge is targeting a buyback of FTX’s stake as Galaxy CEO says he’d like to ‘beat’ SBF.
Meanwhile, Scaramucci continues to pin high hopes for a crypto market recovery this year, describing the market outlook for 2023 as a “recovery year.”
In an interview with CNBC on Jan. 15, the crypto investor said he expects Bitcoin (BTC) to return to the $50,000-$100,000 range within the next two to three years.
“You take risks, but you also believe in them [Bitcoin] Adoption. So if we get the adoption right, and I believe we will, this could easily be a fifty to one hundred thousand dollar fortune over the next two to three years,” he added.
At the time of publication, Bitcoin was currently trading at $21,240, up 21.77% from last week.