Interesting that Michael Saylor is telling people to sell their kidney to buy Bitcoin while at the same time is releasing statements saying that he may have to sell Bitcoin below their cost basis to fulfill financial obligations. It is a bit sad what Microstrategy has done to Bitcoin. Once Saylor stops pushing the price up he’s going to find out in a major way what the community really thinks of him.
Lol, if you ask me, I’d say Saylor’s got some guts, I’ll really give him that. I mean, telling people to sell their kidney if they must and also to mortgage their houses to buy Bitcoin is kind of a pretty wild move. But yeah, it’s even more wild considering MSTR’s current financial situation. First, Struggling to keep up with their Bitcoin purchases and now they’re considering or should I say, potentially facing selling their Bitcoin below cost basis. That’s really not a good one, definitely not a vote of confidence in the company’s financial health.
It almost looks like what they’re doing is artificially boosting up the price and maybe when they stop, we’ll all see just how the community really feels about Mike Saylor and MSTR. If there’s one thing I know, it’s the fact that the crypto community can be really brutal, especially when they see you are/have been messing with them, and who knows, Saylor might just be on the way to getting a dose of reality. It’ll be kinda interesting to see what the community’s reaction would be like and how the whole thing would play out.