[Crypto World] Anthony Scaramucci of SkyBridge Capital recently gave Michael Saylor major props for his moves.
The reason? MicroStrategy made another big play—this time dropping $962.7 million to acquire 10,624 bitcoins. This is their largest purchase in months. Now, the total amount of bitcoin they’re holding has skyrocketed to 660,624 coins, with an average cost of $74,702 per bitcoin.
Scaramucci specifically pointed out that Saylor’s approach is truly shrewd: first, set up a USD cushion, then issue more stock to raise funds, and recycle that money straight back into bitcoin. With this strategy, not only does the balance sheet look healthier, but the bitcoin value per share also gets a solid boost.
In short, this is a textbook example of using leverage to optimize capital structure.
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MoonRocketTeam
· 13h ago
Hardcore supplies have been loaded onto the ship.
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LuckyBlindCat
· 12-10 06:51
All-in is an art
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AirdropHunter007
· 12-08 20:16
You're really slick, bro.
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GasOptimizer
· 12-08 17:02
It takes guts to go all-in with borrowed money.
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ProbablyNothing
· 12-08 16:49
So ruthless, Little Saylor
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LayerHopper
· 12-08 16:45
This wave is just too fierce.
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CryptoPunster
· 12-08 16:41
The boss really understands how to play with leverage now.
Scaramucci praises Saylor: MicroStrategy's $960 million buying spree is ruthless
[Crypto World] Anthony Scaramucci of SkyBridge Capital recently gave Michael Saylor major props for his moves.
The reason? MicroStrategy made another big play—this time dropping $962.7 million to acquire 10,624 bitcoins. This is their largest purchase in months. Now, the total amount of bitcoin they’re holding has skyrocketed to 660,624 coins, with an average cost of $74,702 per bitcoin.
Scaramucci specifically pointed out that Saylor’s approach is truly shrewd: first, set up a USD cushion, then issue more stock to raise funds, and recycle that money straight back into bitcoin. With this strategy, not only does the balance sheet look healthier, but the bitcoin value per share also gets a solid boost.
In short, this is a textbook example of using leverage to optimize capital structure.