How This CEO is Using Bitcoin to Supercharge His Business | Scott Ellam | BFM208

Nov 24, 2025

Scott Ellam, a serial entrepreneur and CEO of an executive recruitment firm, discusses his transformative journey into Bitcoin and its strategic integration into his company's balance sheet. He shares insights on shifting from cash reserves to Bitcoin as a long-term asset. Scott explains how Bitcoin enhances talent attraction and builds a competitive edge. He also addresses the importance of educating staff about cryptocurrency strategies and navigating regulatory challenges, emphasizing the emotional resilience needed to handle Bitcoin’s volatility.

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ANECDOTE

From Early Curiosity To Full Conviction

Scott describes discovering Bitcoin in 2016 while building his recruitment business and watching its price swings.
The 2020 monetary response convinced him to become a Bitcoin maximalist and double down personally and for his company.

ADVICE

Start Personal, Then Move Company Funds

Do personally study and hold a small amount of Bitcoin before placing it on your company balance sheet.
Help your accountants and staff understand the strategy gradually and show historical performance to build confidence.

INSIGHT

Balance Sheet Transforms Into Asset

Holding Bitcoin turns a company's cash reserve from a liability into a long-term asset and planning advantage.
Scott reports his private company holds ~9.27 BTC at an average cost of $37,500 as proof of concept.

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Scott Ellam embodies the evolution from anonymous Bitcoin advocate to corporate leader ready to stake his company's future on Bitcoin.

› https://x.com/btconlyscott

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🕑 TIMESTAMPS

00:00 - Scott's Journey into Bitcoin

09:19 - Transitioning to Bitcoin on the Balance Sheet

15:58 - Bitcoin as a Long-Term Business Strategy

22:36 - Creating Competitive Advantage with Bitcoin

27:40 - Building Bridges for Bitcoin Maximalists

30:31 - Building a Bitcoin-Centric Business Model

32:48 - Navigating Bitcoin's Volatility and Public Perception

35:21 - The Importance of Education in Bitcoin Adoption

39:09 - The Role of Leadership in Bitcoin Strategy

43:51 - Lessons Learned and Advice for Entrepreneurs

ℹ️ EPISODE SUMMARY

Bram Kanstein and Scott Ellam discuss Scott’s transformative journey into Bitcoin, detailing how it shifted from a personal interest to a strategic business decision. He discusses the challenges and triumphs of integrating Bitcoin into his company's balance sheet, the importance of educating his team, and the potential for Bitcoin to serve as a competitive advantage in talent acquisition. Scott emphasizes the need for businesses to adapt to a Bitcoin standard and reflects on the lessons learned throughout his entrepreneurial journey.