Michael Saylor, CEO of MicroStrategy, also responded to Elon Musk’s joke tweet that he had bought the Manchester United team by saying, “We would prefer that you buy some more Bitcoin.” Yesterday, Elon Musk, the CEO of Tesla and SpaceX and the richest person in the world, joked on Twitter that he wanted to buy Manchester United. Four hours later, he denied that he had said that.
Michael Saylor, the famous pro-bitcoin CEO of MicroStrategy, also spoke up. He said the following:
Musk: “Just to be clear, I support the left half of the Republican Party and the right half of the Democratic Party! Also, I’m buying Manchester United a “welcome.”
Saylor.: “We’d like it better if you bought more Bitcoin.”
The story of how Tesla bought and sold Bitcoin
Musk said in February 2021 that Tesla had bought US$1.5 billion worth of the most popular digital currency (BTC) and was now taking BTC as payment for its electric cars. But in April, the option to pay was taken away because of debates about Bitcoin miners and the damage they were doing to the environment.
Still, Tesla kept all of that Bitcoin until recently. In the second quarter of 2022, the company sold 75% of its BTC, leaving only $218 million in BTC on its balance sheet.
Michael Saylor has made fun of Elon Musk before, so this is not the first time. After Elon Musk’s electric car company Tesla sold 75% of its Bitcoin holdings, the CEO of MicroStrategy sent out a series of tweets that seemed to be directed at Musk.
Saylor tweeted, “If you sell 75% of your bitcoin, you will only have 25% left.”
The CEO of MicroStrategy seemed to be making fun of Elon Musk’s company when it said in its Q2 earnings report that it had sold 75% of its Bitcoin holdings for about $936 million in fiat currency over the past few months.