Strategy CEO’s Controversial Joke on Selling Kidneys

Strategy CEO Michael Saylor faced backlash on X for joking about selling kidneys after Bitcoin’s massive crash below $80,000.

“Sell a kidney if you must, but keep the Bitcoin,” he tweeted.
Some users felt this joke crossed a line, with one initially believing it was a parody account. Another user remarked, “Saylor’s out here trying to have people sell their kidneys so that his investors don’t take both of his and feed him to the fishes.”

In 2021, Saylor infamously encouraged people to mortgage homes to buy Bitcoin when it was trading around $57,000. His comments received backlash when cryptocurrency prices collapsed in 2022, although Saylor defended his advice as sound.

Will Strategy be a Forced Seller?

Strategy has been accumulating Bitcoin, nearing 500,000 BTC holdings, with an average purchase price of $66,350. If Bitcoin’s downtrend continues, MSTR stock might face challenges.
Vetle Lunde of K33 Research indicates that Strategy is still “years away” from becoming a forced seller, despite the current price drop. “MSTR’s average entry price is just noisy engagement material,” he added.