Anthony Scaramucci Endorses Michael Saylor's Bold Bitcoin Strategy

Anthony Scaramucci, founder of SkyBridge Capital, has praised Michael Saylor's latest Bitcoin acquisition strategy, labeling it as "really smart stuff." The endorsement comes in light of Strategy's significant Bitcoin purchase, underlining a corporate approach to accumulating Bitcoin while maintaining a solid financial foundation.

Key Takeaways

Anthony Scaramucci applauds Michael Saylor’s Bitcoin strategy, calling it effective and smart.
Strategy announced a major acquisition of 10,624 BTC for approximately $962.7 million.
The company's total Bitcoin holdings now reach 660,624 BTC, valued at nearly $60 billion.
Scaramucci emphasizes the importance of maintaining capital structure while increasing Bitcoin exposure.
Saylor's method treats Bitcoin as a key reserve asset, ensuring precise communication about purchases.

Anthony Scaramucci Endorses Michael Saylor's Bold Bitcoin Strategy

Latest Developments in Bitcoin Investment

Anthony Scaramucci, the founder of SkyBridge Capital, recently expressed his approval of Michael Saylor's newest investment strategy. He described it as "really smart stuff" after Strategy revealed plans for its largest Bitcoin acquisition in months, along with updates on how its balance sheet continues to absorb more Bitcoin.

Scaramucci noted that by creating a financial cushion in dollars, raising equity, and reinvesting proceeds into Bitcoin, Saylor's approach strengthens the company’s balance sheet. This strategy allows the largest corporate Bitcoin holder to continually expand its holdings.

Recently, Strategy confirmed the purchase of 10,624 Bitcoin for about $962.7 million, acquiring them at an average price of $90,615. This brings the company’s total Bitcoin holdings to 660,624 BTC, which are now valued at almost $60 billion based on current market prices. The average cost of these holdings is approximately $74,702, leading to an unrealized gain of over 20%.

According to Scaramucci, the strategic order of this approach — first securing a dollar backstop, followed by equity sales, and finally accumulation — is a successful capital structure. This method enhances Bitcoin exposure while keeping the corporate foundation stable.

The equity aspect is crucial since Strategy's share issuance has become a norm within the Bitcoin market. Even modest sales, described by Scaramucci as "barely" accretive, contribute positively to the balance sheet and improve the firm's Bitcoin-per-share metric, which is being closely tracked by equity markets.

Currently, the market valuation is estimated to be between $52 billion and $58 billion, with an enterprise value around $67 billion. The mNAV readings are returning to levels of nearly equal valuation.

Saylor’s strategy remains consistent: he regards Bitcoin as the primary reserve asset, aims to act when liquidity permits, and carefully communicates purchase decisions. Scaramucci's endorsement indicates that Wall Street professionals are starting to view this model not just as an experiment but as a scalable corporate Bitcoin initiative.