[Crypto World] Anthony Scaramucci of SkyBridge Capital recently gave Michael Saylor major props for his moves.
The reason? MicroStrategy made another big move—this time dropping $962.7 million to acquire 10,624 bitcoins. This is their largest purchase in months. Now, the total number of bitcoins they hold has soared to 660,624, with an average cost of $74,702 per bitcoin.
Scaramucci specifically pointed out that Saylor’s strategy is truly clever: first, build a USD buffer, then issue more shares to raise funds, and reinvest that money into bitcoin. With this approach, not only does the balance sheet look healthier, but the bitcoin value per share also rises.
In short, this is leveraging assets to the max.