$BTC Treasury Strategy Could Hurt $BTC, Warns SkyBridge Capital's Anthony Scaramucci


SkyBridge Capital founder Anthony Scaramucci criticized companies issuing debt to buy $BTC for corporate treasuries during DigiAssets 2025 conference.


Scaramucci warned the debt-fueled $BTC treasury trend "will become out of fashion and it'll hurt Bitcoin" when #market sentiment shifts.


His stance contrasts with MicroStrategy's Michael Saylor, whose company holds $61.9 billion in $BTC through convertible debt strategies.


Multiple firms including Metaplanet, Mara, and Riot Holdings have adopted MicroStrategy's aggressive debt-to-BTC acquisition playbook.


Scaramucci views $BTC as "digital gold" worth potential $24-25 trillion versus Saylor's "digital property" $500 trillion valuation.


Swiss bank Sygnum flagged risks of "very damaging market signal" if prolonged downturns force $BTC treasury liquidations.


The Kobeissi Letter noted forced liquidation scenarios remain "highly unlikely" but prolonged weakness could pressure debt obligations.

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June 18, 2025 at 7:09 PM
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