Michael Saylor, a well-known Bitcoin advocate who had earlier announced his resignation as MicroStrategy CEO, responded to Elon Musk's ironic tweet about wanting to buy the Manchester United football team coin.

--

Saylor responded to Musk saying he'd 'prefer' if he bought more Bitcoin.

A better response would be something including reasons to buy Bitcoin, besides pleasing Michael Saylor... but okay.

Musk said in February 2021 that Tesla had purchased BTC for $1.5 billion and had begun taking it as payment for its electric vehicles. However, the payment method was removed in April due to contentious concerns about Bitcoin miners and the effects they were having on the environment.   

In spite of this, Tesla kept all of that Bitcoin until recently. In the second quarter of 2022, the corporation sold off 75% of its Bitcoin, leaving only $218 million in the cryptocurrency's balance. The corporation purchased Bitcoin for $31,620 and sold it for almost $29,000 per unit.

Musk did clarify, though, that he was not selling his personal cryptocurrency holdings, only those that belonged to Tesla, the company. 

Musk has mentioned owning Bitcoin, Ethereum, and the coin he says he continues to buy more of, Dogecoin.

-------------------
Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News

There's a shakeup at MicroStrategy as major Bitcoin bull Michael Saylor steps down.

His investments into Bitcoin are still likely to pay off big down the road, but he's being blamed for the losses on paper now.  Is this a sign those who will take his place don't understand this?

Will the person who takes his spot make the huge mistake of selling off their crypto?

Video courtesy of Yahoo News

Michael Saylor is CEO of Microstrategy, one of Bitcoin's largest investors.  In this clip he shares his view on this years' slide in bitcoin and the impact on corporate investors bottom lines.

Video courtesy of CNBC

MicroStrategy Chairman and CEO Michael Saylor talks about his company's rise and fall during the dot com boom, the decision to put bitcoin on MicroStrategy's balance sheet, future plans to buy more bitcoin, and expectations of pending regulations.

Michael Saylor, Microstrategy CEO, joins 'Power Lunch' to discuss why he added to his bitcoin ownership, the cryptocurrency's recent moves and more.  

The company's owns 70,784 BTC bitcoins and paid only an average of about $16,000.  Profiting over a billion dollars so far. 

Video courtesy of CNBC