cryptovibes.com
It seems fair to say that MicroStrategy has taken a quite different approach toward Tesla when it comes to buying Bitcoin. In that context, Michael Saylor has lashed out at Tesla for its decision to sell up to 75% of its Bitcoin holdings.
The MicroStrategy CEO has long been one of the most bullish voices that have existed in the crypto sector.
His firm now owns nearly 130,000 BTC and has even vowed to “HODL through adversity” despite the value of the crypto dropping by billions of dollars in recent months.
While showing that he is quite infuriated by Elon Musk’s decision to unlock liquidity for Tesla by offloading its crypto investment, Saylor said:
“If you sell 75% of your Bitcoin, you will only have 25% of your Bitcoin left.”
It is fair to state that MicroStrategy has taken an entirely different approach to Tesla in the matters of buying and holding bitcoin. The business intelligence company has actively taken on extra levels of debt to guarantee that it can get its hands on even more of the flagship crypto.
This investment method has seen MicroStrategy sail close to the wind sometimes – and when Bitcoin dropped to $21,000 earlier in the year, the firm ended up facing a margin call on $205 million it had borrowed from Silvergate Bank, a loan that is backed by Bitcoin.