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)
- ·熊猫血型是啥?稀有血型大揭秘!什么是熊猫血型
- ·受台风影响上海对部分道路交通管控措施升级
- ·钢结构每平方价格全解析_钢结构多少钱一平方
- ·10月31日中金兴元6个月持有混合A净值增长0.03%,今年来累计上涨1.78%
- ·数字货币平台排行榜 国内比特币交易平台
- ·火币dot
- ·橘子洲烟花在哪里看
- ·以太坊和比特币交易平台供应量创新低
- ·1万印尼盾能换多少人民币?10000印尼盾等于多少人民币
- ·10月31日交银启明混合C净值增长0.63%,近3个月累计上涨15.92%
- ·sin15°到底等于几?sin15°等于多少
- ·10月31日广发睿享稳健增利混合A净值下跌0.05%,近1个月累计下跌0.34%
- ·元宇宙官网下载_公认元宇宙官网排名第一
- ·10月31日国联成长先锋一年持有混合A净值增长0.05%,近3个月累计上涨5.67%
- ·郫县家电市场在哪里-郫县家电市场在哪里啊
- ·10月31日嘉实碳中和主题混合A净值增长0.41%,今年来累计上涨26.32%
- · okx交易所app官网
- · 虚拟货币交易
- · 加密货币交易所
- · 欧易交易所 电脑
- · okb交易所官网
- · 数字货币交易平台app
- · 欧易app官方下载入口
- · ok币
- ·欧易交易所下载
- · 数字货币交易所