Anthony Scaramucci, founder and managing partner of SkyBridge Capital, believes the recent surge in public companies adopting crypto treasury strategies is unlikely to last.
What Happened: In an interview with Blooomberg, Scaramucci said the current wave of firms mimicking Michael Saylor’s Bitcoin (CRYPTO: BTC) treasury model is likely to fade over time.
“We’re seeing this replication of the crypto treasury company idea right now,” Scaramucci said. “But eventually, that will fade.”
According to Scaramucci, investors may soon realize it makes little sense to pay a premium for shares in companies that primarily hold Bitcoin or other crypto assets, assets that investors could purchase directly themselves.
“Why pay the middleman?” he asked.
Over the past year, several public companies have aggressively pursued crypto treasury strategies, inspired by Saylor’s playbook at Strategy (NASDAQ:MSTR) (formerly MicroStrategy).
The latest is BitMine Immersion Technologies (AMEX:BMNR), a Bitcoin mining firm that …