Scaramucci Predicts Decline of Bitcoin Treasury Strategy Among Companies
Anthony Scaramucci, founder of SkyBridge Capital, predicts that the trend of companies adopting a bitcoin treasury strategy will decline. He stated in a Bloomberg interview that the current popularity is temporary.
- Scaramucci noted a potential shift in investor sentiment regarding the value of companies holding bitcoin versus direct purchases.
- The corporate treasury concept gained traction in 2021 when Strategy (MSTR) became the first major public company to adopt it, leading to significant stock price increases.
- Other companies followed, such as Semler Scientific (SMLR) and Metaplanet (3350), both implementing similar strategies.
- The trend also attracted smaller firms looking to enhance capital by adding cryptocurrencies to their balance sheets.
- Companies have expanded their treasury strategies beyond bitcoin to include assets like ether (ETH) and XRP (XRP).
- Scaramucci acknowledged the uniqueness of Saylor’s success due to multiple business lines beyond bitcoin holdings.
- He emphasized the importance of evaluating the costs associated with treasury strategies.