SkyBridge Capital has successfully secured $100 million for its Algorand-focused fund. The announcement comes from the SALT hedge fund conference in New York City, signaling a robust commitment from the firm to continue investing in the cryptocurrency sector.
The fund aims to eventually grow to $250 million, underscoring the optimistic outlook of SkyBridge Capital towards cryptocurrency investments. This move reflects the firm’s strategy to capitalize on the growing potential within the digital currency space, especially with Algorand.
