- SkyBridge Capital has recorded its best-ever monthly performance attributed to strategic investments in Bitcoin and Solana.
- Anthony Scaramucci, the founder of SkyBridge, emphasizes a long-term investment strategy and expresses interest in reclaiming a stake in the company previously sold to FTX.
Cryptocurrencies Spearhead SkyBridge’s Historic Performance
Anthony Scaramucci’s SkyBridge Capital has outperformed itself, witnessing unparalleled returns primarily driven by strategic cryptocurrency investments, specifically in Bitcoin and Solana, an emerging competitor to Ethereum.
A Lucrative October for SkyBridge
The investment prowess of SkyBridge was particularly evident this past October, which Scaramucci hails as the most profitable month in the firm’s history. In an interview on Bloomberg Television, he pinpointed the resurgence of Bitcoin and the smart contract platform Solana (SOL) as the cornerstone of their recent success.
“Our achievements this October are unrivaled. It’s a clear testament to the rebound we’ve seen in Bitcoin, and the sharp 70% uptick in Solana’s value has certainly amplified our portfolio,”
said Scaramucci. This surge can be attributed to the intrinsic characteristics of cryptocurrencies, such as their market independence and innovation-led performance.
With his finger on the pulse of the digital asset landscape, Scaramucci underscored the importance of unwavering commitment to these assets. SkyBridge’s strategy has been clear—maintain a strong conviction in the long-term potential of cryptocurrencies.
“We have never divested our Bitcoin holdings; instead, we seized the opportunity to buy more during price dips, benefiting our firm and our clients significantly,”
Scaramucci explained.
Regaining Control Amidst Turbulence
In light of the recent FTX debacle, Scaramucci revealed SkyBridge’s intentions to repurchase the 30% company stake that was acquired by the now-bankrupt crypto exchange FTX in 2022.
“We were unquestionably defrauded by FTX,”
Scaramucci remarked, voicing the firm’s ongoing efforts to undo the tarnished transaction and reclaim their stake, despite communication hurdles.
As of this report, Bitcoin‘s valuation stands at $34,553, while Solana has seen a substantial 25% climb to $45.20. The positive trajectory of these assets continues to endorse SkyBridge Capital’s investment strategy and highlights the potential growth of alternative cryptocurrencies like Solana. This approach reflects a broader trend within the investment community that sees the digital currency market as not just a speculative arena but a sector ripe with opportunities for those who apply patience and strategic acumen to their investments.
