SkyBridge Capital founder Anthony Scaramucci is breaking down the mechanics—and the market risks—behind Strategy Inc.‘s (NASDAQ:MSTR) high-yielding perpetual securities, calling the dividend play a potentially lucrative move for steadfast Bitcoin (CRYPTO: BTC) believers.
The 11% Yield Strategy
During a recent episode of the All Things Markets podcast, Scaramucci and Galaxy Digital Inc. (NASDAQ:GLXY) CEO Mike Novogratz analyzed MSTR’s strategy of offering a yield-bearing security.
Scaramucci noted that investors putting money into Michael Saylor‘s company, earlier known as MicroStrategy, can receive four quarterly dividend payments equivalent to roughly an 11.5% yield.
While emphasizing the attractiveness of the trade, Scaramucci made sure to clarify his firm’s exact position to listeners. “I’m a huge fan of his and obviously SkyBridge owns a lot of Bitcoin. We don’t own any of that security, but I just wanted to disclose that to people,” Scaramucci stated.
He added that as long as Bitcoin holds its muster and Strategy trades at a premium—or at least not at a huge discount—Saylor will be able to sustain the impressive payouts.