Anthony Scaramucci praises Strategy's new Bitcoin investment as 'smart stuff'
Key Takeaways
- Anthony Scaramucci praised Strategy's $963 million Bitcoin purchase as a smart move to strengthen its balance sheet.
- Scaramucci forecasts significant Bitcoin price growth fueled by institutional adoption and market scarcity.
Anthony Scaramucci praised Strategy’s latest Bitcoin acquisition, calling the move “really smart stuff” that strengthens the company’s balance sheet and benefits the Bitcoin market.
Strategy disclosed on Monday it added 10,624 Bitcoin worth approximately $963 million. The company’s Bitcoin stash has exceeded 660,000 units, strengthening its position as the leading corporate holder of the digital asset.
“He’s the man. Builds a US dollar backstop and then gets back to selling equity to buy btc which further strengthens balance sheet,” Scaramucci wrote on X. “The equity sales are accretive (albeit barely) but v smart for his balance sheet – and overall btc market. Really smart stuff.”
A Bitcoin advocate, Scaramucci, believes Bitcoin could climb to $170,000 by mid-2026 and up to $500,000 within five to six years, driven by rising institutional adoption, Bitcoin’s fixed 21 million supply, and its emergence as a gold-like store of value.
Though often critical of Trump personally, the SkyBridge Capital founder credits the administration’s pro-crypto turn, including the Strategic Bitcoin Reserve, for Bitcoin’s surge past $100,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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