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:金店)
- ·BingX Launchpool 上線 Counter Fire(CEC):區塊鏈遊戲新前沿
- ·抵扣联丢失怎么办
- ·zec什么价格今天-zec今日的价格
- ·手工账情况下年初增值税余额结转分录
- ·向投资者宣告分配现金股利的会计分录
- ·点点币今日价格
- ·重置清册可以重新申报吗
- ·生态空投、做稳定币、自己发币... 盘点 Sui 游戏机的「骚操作」
- ·个税申报是报应发工资还是实发工资
- ·今日usdt的价格
- ·「MetaEra Event」官网正式上线!一「网」尽显 Token 2049 期间 MetaEra 所支持的活动
- ·火币专业
- ·新兴市场获青睐!美国投资者踏空?
- ·DeFi排名前十的币究竟有哪些?
- ·经过多年的行业匮乏,美国正在大力发展加密货币
- ·养老业股票-养老业股票有哪些
- · 数字货币交易平台app
- · 0kx交易所官网
- · 全球三大虚拟货币交易平台
- · 易欧app官网下载
- · 十大虚拟货币交易平台app
- · okx官方
- · okcoin下载官方app
- · okb交易所官网
- · 亿欧交易所下载
- · 欧易交易所 电脑