Mon. Feb 26th, 2024

Prominent Bitcoin maximalist Michael Saylor responded to a joke by Elon Musk asking the richest man in the world to buy more BTC. Michael Saylor recently announced that he is stepping down as CEO of MicroStrategy to become CEO of the company and focus on “Bitcoin strategy.” Earlier Wednesday Saylor responded to a tweet from Elon Musk, in which he joked about his intention to buy the Manchester United soccer team: – By the way, I’m buying Manchester United, you’re welcome.
– We would prefer you to buy more #bitcoin.

Musk’s story with Bitcoin

In February 2021, Musk announced that Tesla had acquired $1.5 billion worth of BTC and that the company had started accepting it as payment for its e-cars. However, in April, the payment option was canceled due to controversial issues about Bitcoin miners and the environmental impact they were causing. Still, Tesla held onto his Bitcoin until recently. However, in the second quarter of 2022, the company shed 75% of its Bicoin, leaving only $218 million worth of BTC on its balance sheet. His coins sold for approximately $29,000 per unit, while the company had bought them for $31,620. In March of this year, the billionaire tweeted that he was not selling his cryptocurrencies, which at the time consisted of Bitcoin, Ethereum, and Dogecoin. It is unclear at this time if he kept all of his BTC.

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By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.