Michael Saylor Tells Elon Musk to Buy More Bitcoin

Michael Saylor Bitcoin Elon Musk
  • Michael Saylor remains a loyal supporter of Bitcoin and wants more people to acquire it.
  • The relationship between Tesla and Bitcoin is getting smaller and smaller.
  • Elon Musk remains safe with cryptocurrency acquisitions and does not intend to sell them.

Well-known Bitcoin supporter Michael Saylor, who has stepped down as CEO of MicroStrategy, has commented on Elon Musk’s alleged intent to purchase Manchester United. In Saylor’s retweet to Musk, he says, “We’d rather you buy more #bitcoin.”

Tesla and bitcoin 

Musk said in February 2021 that Tesla had bought $1.5 billion in BTC and started accepting it as payment for its electric vehicles. However, the payment method was withdrawn in April due to controversial concerns about Bitcoin miners and the effects they were having on the network.

Still, with all of this going on, Tesla managed to hold on to his Bitcoin holdings until a while ago. In the second quarter of 2022, the company decided to sell 75% of all its Bitcoin, leaving it with a total of $218 million worth of Bitcoin.

The corporation bought Bitcoin for $31,620 and sold it for almost $29,000 per unit.

Musk and Bitcoin

Musk tweeted in March of this year that he was not going to sell his cryptocurrency holdings, which at the time included Bitcoin, Ethereum and Dogecoin.

Right now there is a lot of uncertainty as to how much Bitcoin has stayed. What has been clarified is that Musk reassured the community that the company is open to strengthening his position in BTC in the future.

Elon Musk keeps stressing in his tweets that he favors Dogecoin over all other cryptocurrencies, including Bitcoin. He recently tweeted that he keeps promoting DOGE and buying more from her.