SkyBridge seeks to green its bitcoin holdings

SkyBridge Capital, which launched its own direct investment bitcoin fund in January, has partnered with firm MOSS Earth to purchase carbon offsets.

According to a firm announcement, SkyBridge will immediately retire tokens representing approximately 38,436 tons of carbon -- a transaction that offsets the estimated historic carbon footprint of the bitcoin currently held across its products firm-wide, including its multi-strategy funds and the First Trust SkyBridge Bitcoin Fund.

“We project that bitcoin mining will be fully renewable by the end of the decade,” said Anthony Scaramucci, SkyBridge founder and managing partner. “In the . . .

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