Strategy MSTR executive chairman Michael Saylor jokedly advocated for a high-risk strategy to keep Bitcoin BTC/USD investments in light of the recent market downturn.
What Happened: In an X post on Friday, Saylor wrote “Sell a kidney if you must but keep the Bitcoin.”
His statement comes on the heels of Bitcoin dropping 18.2% in the past seven days.
Saylor recently also joked about taking a second job to buy more BTC, while in February, he stated: “Never sell your Bitcoin—buying strengthens the network, selling weakens it.”
In a post on X on Feb. 17, Saylor outlined his “21 Rules of Bitcoin,” stating: “Those who understand buy Bitcoin, those who don’t criticize it.”
Why It Matters: Macro analyst, Jim Bianco reminded readers on X on Friday that Strategy is down 28% since Michael Saylor appeared on the cover of Forbes one month ago.
MSTR’s long-term trajectory remains tied to Bitcoin but concerns over potential rate hikes could be impacting high-growth and speculative stocks.
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