Orlando Bravo, CEO of Thoma Bravo, has pledged to avoid cryptocurrencies after the collapse of the crypto exchange FTX, which resulted in significant losses. Thoma Bravo had previously led a $900 million investment in FTX, boosting its valuation to $18 billion. Bravo's firm contributed $130 million to the investment before the exchange's collapse in 2022, which caused widespread losses and a significant drop in digital asset prices.

In a recent CNBC interview, Bravo expressed regret over the investment and emphasized that the private equity firm would no longer engage with crypto assets, citing its core business philosophy. Thoma Bravo, known for major tech buyouts like Proofpoint, Coupa, Anaplan, and RealPage, now manages about $160 billion in assets and is shifting focus away from cryptocurrencies. The FTX collapse, which caused around $8 billion in losses, has led to ongoing repayment efforts.

Despite the losses, Bravo remains optimistic about blockchain technology, acknowledging its potential and growing adoption in mainstream industries. However, he reaffirmed his decision to stay away from specific crypto assets. The FTX incident has also sparked calls for increased market regulation.

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