Michael Saylor Says ‘Sell Kidney, Keep Bitcoin’ & Discusses US Strategic Reserve
Highlights
- Michael Saylor humorously advised investors to "sell a kidney if you must, but keep the Bitcoin".
- Critics pointed out MicroStrategy's potential losses if BTC drops another 16%.
- Saylor met with Representative French Hill to discuss the establishment of a Bitcoin strategic reserve for US.
- Saylor also pitched Bitcoin to Jeff Bezos, aligning it with the billionaire's focus on promoting free markets.
Michael Saylor, the executive chairman of Strategy (MSTR), has a message for his followers saying “Sell a kidney if you must, but keep the Bitcoin”. Of course, Saylor has been joking in a light mood as Bitcoin price crashes under $80,000 earlier today, while requesting investors to hold with diamond hands. On the other hand, Saylor has been actively in discussions with lawmakers for implementing a BTC strategic reserve for the United States.
Michael Saylor Wants Bitcoin Investors to Hold With Diamond Hands
The Bitcoin price crash under $80,000 today has sent tremors across the larger crypto market. With this, BTC has extended its weekly losses to more than 18% as the crypto market grapples through major liquidity crisis, macro uncertainty, Donald Trump’s trade war tariffs and much more.
Responding to the current developments, Michael Saylor wrote: “Sell a kidney if you must, but keep the Bitcoin”. The strategy executive chairman has been an ardent supporter of BTC and has pledged to never sell his Bitcoins anytime in the future. Several corporate players like Metaplanet, Semler Scientific, etc. have adopted Saylor’s Bitcoin playbook thereby managing to build immense wealth for their shareholders.
Saylor’s comment of selling a kidney saw mixed reactions from the Bitcoin community. While some took this as a joke, others took a jibe at him for his forever Bitcoin bulls predictions. One of the followers named Geoffrey said: “maybe you should have thought of that when you were buying 97k and not saving your powder for a dip”.
A further 16% drop in Bitcoin’s price could push MicroStrategy into a total loss on its Bitcoin holdings, in addition to its $8 billion debt burden. Critics argue that Saylor’s decision to heavily invest at market highs may have been overly aggressive. Recent reports also suggested that Strategy’s Bitcoin holdings would be at risk if the MSTR stock falls even further.
Saylor Discusses Bitcoin Strategic Reserve for US
Earlier this week, on Tuesday, Michael Saylor met with the House Financial Services Committee and Representative French Hill to discuss building Bitcoin Strategic reserves for the United States.
Saylor emphasized the importance of positioning the U.S. as a global leader incryptocurrency innovation. The meeting focused on fostering a regulatory environment that supports the growth and adoption of blockchain technologies while ensuring financial stability. Congressman Dan Meuser hosted the meeting with Saylor noting:
“Digital assets can unlock a frictionless payment future and enable new sources of access to capital. I look forward to the work the Financial Services Committee will do in crafting a commonsense legislative framework to provide clear rules of the road, fulfilling President Trump’s promise to make the U.S. the crypto capital of the world.”
Pitching BTC to Jeff Bezos
Earlier this week, Michael Saylor also pitched Bitcoin to billionaire Jeff Bezos. Bezos, who owns the Washington Post, said that the publication will undergo major changes for its opinions section while promoting “free markets” and “personal liberties”. Responding to this, Saylor wrote:
“Bitcoin is the best way to promote personal liberties and free markets. It offers an open protocol for prosperity that can be delivered to everyone via digital technology”.
Bitcoin price has faced a sharp correction in recent market turmoil and is down another 6% today trading at $80,290 as of press time. Investors remain on the edge as the buy the dips narrative fades away.
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