SkyBridge Buys Carbon Offsets to Green Bitcoin Holdings
NEW YORK, Aug. 2, 2021 /PRNewswire/ --SkyBridge Capital ("SkyBridge") has partnered with MOSS Earth to purchase and immediately retire tokens representing approximately 38,436 tons of carbona 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.
- NEW YORK, Aug. 2, 2021 /PRNewswire/ --SkyBridge Capital ("SkyBridge") has partnered with MOSS Earth to purchase and immediately retire tokens representing approximately 38,436 tons of carbona 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, Founder and Managing Partner of SkyBridge.
- "In the interim, carbon offsets represent an effective way to green the bitcoin network and facilitate adoption by ESG-minded investors."
- SkyBridge was introduced to MOSS by One River, a fellow institutional bitcoin investor, and appreciates the contribution One River and others, particularly Climate Vault, have made to "greening" bitcoin.