SkyBridge Capital founder Anthony Scaramucci is casting doubt on the growing wave of companies adding Bitcoin to their balance sheets, calling the strategy potentially short-lived.
Speaking in a recent Bloomberg interview, the hedge fund veteran suggested that the current surge in corporate Bitcoin holdings may not last. While acknowledging the enthusiasm, Scaramucci believes the model of treating firms as Bitcoin proxies is unlikely to stand the test of time.
“We’re seeing companies mirror each other by adopting Bitcoin in their treasuries,” he noted, but added that this “copycat” approach could soon lose momentum. According to Scaramucci, investors may start questioning the logic of buying into companies that simply hold BTC—when they could just own the asset directly, without the added costs of a corporate wrapper.
Over the past year, a number of firms have entered the Bitcoin treasury space, aiming to attract shareholders through crypto exposure. Among the new entrants are ProCap BTC, Cardone Capital, GameStop, and Japan’s MetaPlanet. These join long-time players like Strategy, led by Michael Saylor, whose Bitcoin-centric approach has often been cited as the blueprint.
Still, Scaramucci makes a distinction. “Saylor’s situation is different,” he said, referencing the company’s broader set of initiatives beyond just BTC accumulation. While not dismissing other efforts outright, he encouraged investors to consider the economics of these models.
“If you’re handing a firm $10 and only $8 ends up in Bitcoin, you have to ask if that middle layer is worth it,” Scaramucci said. “Bitcoin’s value isn’t in the wrappers—it’s in the asset itself.”
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/crypto-expert-questions-long-term-value-of-bitcoin-holding-firms/