Anthony Scaramucci, CEO of SkyBridge Capital, recently shared details about an informal meeting with Michael Saylor, co-founder of MicroStrategy.
Scaramucci also hinted at his forthcoming book on Bitcoin, which Saylor has contributed to.
Saylor has become a prominent advocate for Bitcoin, with MicroStrategy accumulating approximately $8.3 billion in BTC since August 2020. Initially using their cash reserves for purchases, they later raised additional funds through convertible notes to further invest in Bitcoin. This strategy positioned MicroStrategy as a de facto Bitcoin ETF before the SEC approved spot Bitcoin ETFs in January.
Scaramucci praised Saylor as a “living legend” and thanked him for writing the foreword for his new book, “The Little Book of Bitcoin,” though he revealed little about the content except for a teaser that suggests it covers insights Wall Street has already discovered.
In response to Scaramucci’s tweet, Dan Tapiero, another notable Bitcoin investor, congratulated him. Saylor recently mentioned on CNBC’s Squawk Box that MicroStrategy’s Bitcoin strategy has led to significant outperformance in share price compared to other S&P 500 companies. He also forecasted Bitcoin could reach $13 million in value over the next 21 years.
The SEC has sought a four-month extension in its investigation related to Coinbase, pushing the deadline to February 2024, just after the US presidential election.
DZ Bank, Germany’s second-largest financial institution, has teamed up with Boerse Stuttgart Digital to offer cryptocurrency trading and custody services across its network of cooperative banks.
Charles Hoskinson, founder of Cardano, will meet with Argentina’s President Javier Milei in October to discuss blockchain’s role in shaping future economies.
Binance has seen a sharp rise in interest from institutional and corporate investors, with a 40% increase in participation this year, according to CEO Richard Teng.