Scaramucci's Skybridge Invested $25M in New Bitcoin Fund

Scaramucci said Skybridge is running a full bitcoin node.

AccessTimeIconDec 22, 2020 at 6:02 p.m. UTC
Updated Sep 14, 2021 at 10:47 a.m. UTC

Anthony Scaramucci said his hedge fund, Skybridge, has invested $25 million in its new bitcoin fund.

  • Skybridge has moved $25 million into the fund already, Scaramucci said during a Tuesday interview with CNBC. He said new investors can participate starting Jan. 4 2021.
  • Fidelity Digital Assets is the bitcoin "back office" and "storage mechanism," he said. Scaramucci further claimed that Skybridge is running a full bitcoin node.
  • Scaramucci said his fund's structure will give investors exposure to bitcoin's net asset value while avoiding the premiums extracted by the Grayscale Bitcoin Trust (GBTC). (Grayscale is a CoinDesk sister company.)
  • "This will be a way for us to democratize bitcoin, like we did the hedge fund industry a decade ago," he said.
  • Scaramucci said he and Michael Saylor have developed a "very close relationship over the past few months," and credited the MicroStrategy CEO, whose firm now holds over $1 billion in bitcoin, as an inspiration for starting the new fund.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.