Anthony Scaramucci, founder and managing partner of Hedge Fund Skybridge Capital, said the company wave adopting a bitcoin
Treasury strategy is only a temporary trend. In an interview with Bloomberg, Scaramucci said that he expects the approach to lose momentum in the coming months.
“Right now, we have this idea of the replicative cash company,” said Scaramucci. “So you know, it will fade.”
He suggested that investors can start wondering why they pay more so that a business has an asset that they could simply buy.
The idea of using Bitcoin as an asset of the corporate treasure gained ground in 2021, when the strategy (MSTR)A software developer led by Michael Saylor, has become the first major public company to do so. Saylor Bitcoin aggressive purchases have transformed the strategy into a de facto Bitcoin investment vehicle, sending its stock market course of almost 3,000% since then.
Massive gains have drawn attention through American companies and elsewhere. A number of companies have followed the example of the strategy, including the manufacturer of medical devices Semler Scientific (SMLR)who announced his own Bitcoin cash strategy in May 2024, and Metaplanet based in Tokyo (3350)which started as a hotel management company.
The trend was not limited to high -level businesses. Small businesses, often stocks from Penny, have also jumped, trying to raise capital or attracting interest from investors by adding bitcoin or other cryptocurrencies to their balance sheets.
What started as an accent on Bitcoin quickly spread to other digital assets. Some companies have chosen to buy ether
or XRP as part of their cash strategy, pushing the concept beyond its original scope.
Scaramucci has recognized that the success of Saylor is unique, pointing to the other sectors of the company beyond Bitcoin Holdings.
“The case of Saylor is different because it has some different products now,” said Scaramucci in the interview with Bloomberg. “I am not negative on the others, because I am too optimistic about Bitcoin, but I would simply say that as investor, you must examine the underlying costs associated with each of these cash companies.”
