SkyBridge Capital, an alternative investment firm, announced it will be buying back the stake it sold to the cryptocurrency exchange FTX. This move shows the company's confidence in the success of its cryptocurrency investments and the potential for growth in the sector. The buyback is expected to be completed in the first quarter of 2022. The terms of the deal have not been disclosed, but it is believed that SkyBridge paid a premium to buy back the stake.
14 Jan 2023 1 minute read 0 comments mrbeastcrypto
Did you know that the word "buyback" has been around since the early 1900s? It's a term used when a company repurchases its own outstanding shares in order to reduce the number of shares available on the market. This can be done for a variety...
