SkyBridge Purchases Carbon Offsets of BTC Holdings

Nicholas Pongratz
·1 min read

BeInCrypto –

SkyBridge Capital has offset the carbon footprint of the Bitcoin held across its funds by purchasing and retiring tokens representing approximately 38,436 tons of carbon.

“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.”. Scaramucci has said recently that every diversified portfolio should own at least a little bit of Bitcoin.

Offsets from Moss

SkyBridge purchased these carbon offsets from Moss, who operates in the voluntary carbon offset market. This means that they source credits from independently verified projects that avoid deforestation that otherwise would occur.

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