Anthony Scaramucci, founder and managing partner of SkyBridge Capital, expressed his admiration on Monday for Michael Saylor's approach to strengthening MicroStrategy Inc.'s (NASDAQ: MSTR) balance sheet through "smart" Bitcoin (BTC) purchases and stock sales.
In a post on X platform, Scaramucci expressed his admiration for Saylor, calling him "the man," and praised Saylor's move to build a $1.44 billion U.S. dollar reserve, then returning to sell stocks to buy more Bitcoin.
"Selling stocks adds value [albeit slightly] but it's very smart for his balance sheet — and for the Bitcoin market in general. Really a smart move," said Scaramucci, who is himself a well-known advocate for Bitcoin.
Scaramucci's praise came after MicroStrategy purchased 10,624 Bitcoin valued at approximately $962.7 million, its largest weekly purchase since July 2025. Now, the company owns 660,624 Bitcoin purchased for about $49.35 billion, at an average purchase price of approximately $74,696.
However, the company's stock has seen a downward trend for several months, with a market value of $55.25 billion, which is less than the value of its Bitcoin holdings of $59.62 billion. Simply put, the stock is trading at a discount.
Economist Peter Schiff, a harsh critic of Bitcoin, accused Saylor last week of running an unsustainable business model that seems more and more like a "fraud."
Price movement: At the time of writing, Bitcoin was trading at $90,115, down 1.05% in the past 24 hours, according to data from Pro Benzinga.
The MicroStrategy stock fell by 0.59% in after-hours trading to $182.60. The stock closed up 2.63% at $183.69 during the regular session.
MSTR shows very low growth rate — a measure of historical earnings and revenue expansion across multiple periods. How does that compare to Coinbase Global Inc. (NASDAQ: COIN) and other cryptocurrency-related stocks?
