Scaramucci predicts fading trend of companies adopting crypto treasuries, suggesting buying Bitcoin directly.

Anthony Scaramucci of SkyBridge Capital predicts the trend of public companies adopting crypto treasury strategies will not last. Investors may find it more beneficial to buy crypto assets directly rather than paying a premium for shares in these companies. Several firms have embraced this trend inspired by Michael Saylor’s playbook.

BitMine Immersion Technologies, a Bitcoin mining company, announced a $250 million private raise to build an Ethereum treasury. The company also appointed Thomas Lee, founder of Fundstrat, as its board chairman. Many of these companies have enlisted high-profile advisors like Eric Trump and Joe Lubin to differentiate themselves.

While Wall Street has introduced various crypto investment products, Strategy remains one of the top-performing crypto-related stocks. Strategy has funded its Bitcoin purchases through a mix of offerings, including stock and debt offerings. Short-seller Jim Chanos criticized Saylor’s approach, but Saylor defended the premium on Strategy’s shares over its Bitcoin holdings.

Scaramucci questions the financial sense of investing in companies with a significant portion of their assets in Bitcoin. He suggests that investors may have better returns by buying Bitcoin directly. As the crypto treasury model faces criticism, it will be interesting to see how these companies continue to navigate the evolving landscape.

Read more at Yahoo Finance: Anthony Scaramucci Predicts Bitcoin Treasury Frenzy ‘Will Fade’