Scaramucci Says Bitcoin Treasury Trend Will Fade Despite Saylor’s Long-Term Play

TL;DR

• Anthony Scaramucci says bitcoin treasury trend is short-lived
  
• Strategy (MSTR) success sparked wave of corporate BTC adoption
  
• Firms also added ETH and XRP to their treasuries
  
• Scaramucci warns investors to assess the cost of holding crypto
  
• Trend likely to fade as firms reassess financial logic
  

Scaramucci Predicts Corporate Bitcoin Holdings Are a Temporary Trend

SkyBridge Capital founder Anthony Scaramucci believes the current wave of companies adding Bitcoin (BTC) to their corporate treasuries will not endure. In a recent interview with Bloomberg, the hedge fund manager said the enthusiasm surrounding the strategy — popularized by Michael Saylor’s Strategy Inc. (MSTR) — is unlikely to persist.

“Right now we’re having this replicative treasury company idea,” said Scaramucci. “It will fade.”

His comments arrive at a time when crypto markets are seeing renewed attention from institutional investors, but the financial logic of holding volatile assets like BTC on balance sheets is facing scrutiny.

Bitcoin Treasury Trend

Strategy’s Bitcoin Success Sparked Corporate Copycats

The idea of using Bitcoin as a treasury reserve asset caught fire in 2021 when Strategy Inc. (formerly MicroStrategy), under CEO Michael Saylor, began aggressively purchasing BTC. Its stock price surged nearly 3,000%, becoming a de facto Bitcoin investment vehicle.

This strategy inspired companies such as Semler Scientific and Japan’s Metaplanet, as well as a wave of smaller public firms. Some even pivoted business models or rebranded to signal a crypto-first approach.

Expansion Into ETH and XRP

Though initially focused on BTC, the corporate treasury trend evolved to include other cryptocurrencies like Ether (ETH) and XRP. Companies experimenting with these assets often cited diversification, DeFi integration, or blockchain partnerships.

This expansion raised questions around volatility management, regulatory clarity, and the real economic benefits of using crypto as working capital or long-term reserves.

Scaramucci: Saylor’s Case Is Unique

Scaramucci clarified that his critique isn’t aimed at Saylor or Strategy Inc. directly. Instead, he acknowledged that Saylor’s situation is exceptional, due to the firm’s diversified operations and product offerings beyond BTC.

“Saylor’s case is different, because he’s got a couple different products going now,” Scaramucci said. “I’m not negative on the others, because I’m too bullish on bitcoin.”

However, he warned that investors should examine whether they are paying too much of a premium for access to crypto assets via equity exposure, rather than buying BTC directly.

Market Implications

While Bitcoin bulls may continue to support the idea of crypto as corporate treasury, Scaramucci’s comments underscore a potential cooling-off period. Analysts now anticipate that most firms may retreat from the strategy unless they:

• Have clear operational use cases for crypto
  
• Intend to raise capital or attract media attention
  
• Operate in sectors where blockchain infrastructure plays a core role
  

The broader implication? Crypto may remain on the balance sheet for select tech-forward firms — but not become a universal treasury model.

Please leave this field empty

Endroid got you covered 👋
Get news about crypto, AI and tech straight to your mail box

Sign up to receive awesome content in your inbox, every week.

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.