Investing in FTX and losing billions of dollars, founder of private equity fund Thoma Bravo vows to 'never touch' cryptocurrency again
According to CNBC, Orlando Bravo, founder of Thoma Bravo, a US private equity investment firm, stated that he learned many lessons from his failed investment in cryptocurrency exchange FTX and that he and his company will no longer be involved in cryptocurrency.
Orlando Bravo referred to FTX as "the world's most cutting-edge and advanced cryptocurrency exchange" over three years ago, when his company assisted in leading a $900 million investment in the exchange, valuing it at $18 billion. According to reports, Thoma Bravo's investment in FTX is $130 million.
However, FTX filed for bankruptcy at the end of 2022, with senior executives of the exchange accused of misappropriating over $8 billion in customer funds, and its founder Sam Bankman Fried (SBF) implicated in large-scale fraud and conspiracy crimes. In March of this year, a US judge sentenced SBF to 25 years in prison.
Bravo stated in an interview with CNBC last week that he and his company Thoma Bravo will permanently exit the cryptocurrency market after that disaster.
Once you make a mistake, once you suffer a loss in something, our philosophy and mine are to never touch it again, "Bravo said." Even if it turns out you missed out on a big market trend
Thoma Bravo was founded in 2008 and currently manages approximately $160 billion in assets. The company has risen in the technology field in recent years and has planned multiple multi billion dollar acquisitions, including cybersecurity software provider Proofpoint, property management software company RealPage, finance and supply chain software developer Anaplan, and expense management software company Coupa.
Despite the failure in investing in FTX, Bravo stated in an interview that the memory blockchain technology behind cryptocurrencies still has prospects, but whether it is Bitcoin itself or companies in the field, Bravo will avoid further exposure.
Personally, I am a supporter of memory blockchain. I believe it is a powerful way to achieve many things, suitable for many application scenarios, and I have always believed in this, "Bravo said." From an investment perspective, when you make a mistake, you will probably let go and move forward
Related reports: "SEC reserves the right to oppose FTX restructuring plan; bankruptcy proceedings accumulate over 800 million magnesium", "FTX founder SBF trades rice in prison, claiming better arbitrage opportunities but still believes he is innocent", "Temasek arrests war criminals for FTX investment case, related teams and senior executives receive salary cuts"
(责任编辑:基金优选)
- ·货币数字货币价格
- ·国芯科技:2024年第三季度实现单季收入2.08亿元,创历史新高
- ·每周编辑精选:加密世界的深度洞察与趋势分析(0517-0523)
- ·10月31日浙商汇金先进制造混合净值增长2.01%,近3个月累计上涨29.41%
- ·当你有 1 千美金和 10 万美金,如何制定不同的交易策略?
- ·华兰生物收盘跌0.66%,主力资金净流出2056.71万元
- ·一只柴犬 100 美元的价格在 5 年内变成了 200 万美元:到 2030 年还能再次发生吗?
- ·沪银主力合约日内跌超2%
- ·Solana模因币5月交易量飙升至10亿美元,市场主导地位显著提升
- ·普门科技:2024年前三季度体外诊断业务收入6.78亿元,同比增长19%
- ·USD1 点燃币安 summer:一场特朗普背书下的加密盛宴
- ·10月31日广发优质生活混合C净值下跌0.85%,近1个月累计下跌2.57%
- ·bt币交易平台源码-
- ·重新办社保卡需要多久?快速了解办理流程!
- ·微贷网与人人贷哪个好呢?想选一家进行投资理财。
- ·兴蓉环境收盘涨0.41%,主力资金净流入2524.03万元
- ·Kaito:未来几天将在sKAITO/YT部分引入重要机制
- ·10月31日中欧睿泽混合C净值增长0.27%,近3个月累计上涨15.21%
- ·以太坊要做「未来的结算层」,目标直指 RWA
- ·银行存款余额调节表能当原始凭证用吗?
- ·去年日期的发票今年能报销入账吗
- ·10月31日汇添富碳中和主题混合C净值下跌0.68%,近1个月累计下跌4.86%
- ·Polkadot 幣價腰斬之際,創辦人 Gavin Wood 決定去做 DJ
- ·江西铜业收盘跌0.87%,主力资金净流出2715.62万元
- ·宜人贷的服务费有哪些?宜人贷上除了借款利息外还有什么费用?
- ·10月31日华安安进灵活配置混合发起式C净值下跌0.96%,近1个月累计下跌6.68%