Michael Saylor's Bitcoin Strategy Faces Substantial Losses Amidst Price Drop
Michael Saylor's Bitcoin Strategy Faces Substantial Losses Amidst Price Drop
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Michael Saylor, founder of Strategy, who once advised holding Bitcoin (BTC) even at the cost of a kidney, is now facing significant losses as BTC's price dropped from $84K to $63K, potentially amounting to a $20 billion reduction.
When BTC was above $84K, Strategy founder Michael Saylor said, “sell a kidney if you must, but keep the BTC.” Yesterday, BTC hit $63K.