Private equity firm Thoma Bravo, which once invested in FTX, will permanently exit the cryptocurrency market
On September 9th, Orlando Bravo, the head of Thoma Bravo, a private equity firm managing about $160 billion in assets, stated in an interview with CNBC that the company will permanently exit the cryptocurrency market. This decision stems from its failed investment in FTX. Thoma Bravo had participated in a $900 million investment in FTX in 2021. After FTX collapsed, Thoma Bravo and other investors faced huge losses and were involved in a lawsuit accusing them of making misleading statements when promoting FTX.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Anthropic's Path to the Public Markets Just Got 2 New Developments
WLD’s 15% price surge follows World Network’s launch of ‘World Money’ Super App
In the coming month, you will see bitcoin prices starting with '10', or even double eleven!
Meta (META.US) data center's first high-yield bond is oversubscribed more than four times, strong demand drives premium issuance
The first junk bond issuance by the data center division of Meta Platforms attracted demand over four times the transaction size, with its enticing yields drawing in investors.
Crypto prices
More
