According to TechFlame, according to a Bloomberg interview, SkyBridge Capital founder Anthony Scaramucci (Anthony Scaramucci) recently stated that the trend of listed companies incorporating Bitcoin into their balance sheets is only a short-lived phenomenon, and predicts that this strategy will lose momentum in the coming months. “Currently, companies are just blindly imitating (MicroStrategy's) coin hoarding strategies; this craze will eventually subside.” Scaramucci says investors will eventually question: Why pay a premium to a company that holds Bitcoin and not buy it directly? This trend began in 2021, when the software company MicroStrategy (MSTR), led by CEO Michael Saylor (Michael Saylor), took the lead in buying Bitcoin in a big way, and its stock price then soared by nearly 3000%, attracting companies including medical equipment company Semler Scientific (SMLR) and Japanese listed company Metaplanet (3350) to follow suit. The boom is not limited to well-known companies; many small-cap companies are also attracting capital attention by increasing their holdings in Bitcoin or other cryptocurrencies (such as Ethereum and XRP). However, Scaramucci emphasized that Saylor's success is unique — MicroStrategy also has multiple business lines in addition to Bitcoin, and “other companies that follow the trend need to bear additional management costs and valuation premiums.” Despite being bullish on Bitcoin for a long time, Scaramucci reminds investors to examine the hidden costs of “Bitcoin concept stocks.” With the US SEC's approval of spot ETFs, institutional investors can now directly allocate Bitcoin, weakening the scarcity logic of companies hoarding coins. According to the data, the growth rate of corporate Bitcoin holdings in the second quarter of 2024 decreased by 37% compared to the same period last year.