Michael Saylor's new advice? 'Sell a tooth if you must'
Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy) took to X on Thursday with a new one-liner for Bitcoin believers. 'Sell a tooth if you must, but keep the bitcoin.'
It's the latest in a string of dramatic — and controversial — declarations from Saylor, who has become crypto's loudest Bitcoin evangelist. Just a few months earlier, in February, Saylor famously wrote, 'Sell a kidney if you must, but keep the Bitcoin.'
Saylor has long advocated going all-in on Bitcoin. He's previously urged followers to mortgage their homes or family businesses to buy more of the asset. Under his leadership, Strategy has made over 50 separate Bitcoin purchases — many of them leveraged. The company's total holdings now sit at 568,840 BTC, worth nearly $59 billion at current prices.
That strategy has helped catapult Strategy into the spotlight. The company recently changed its name from MicroStrategy to reflect its Bitcoin-first philosophy — and its ambitions are just as outsized as its stack.
In a recent Financial Times documentary, company analyst Jeff Walton predicted, 'Strategy will be the number one publicly traded equity in the entire market.' His reasoning? No other company holds such a massive trove of what he calls 'the most pristine collateral on the entire planet.'
Saylor himself believes the company can go much, much higher. 'MicroStrategy is in a position where we can grow from a $100 billion enterprise to a $1 trillion enterprise to a $10 trillion enterprise,' he said.
As per Kraken's price feed, Bitcoin is trading at $103,719 — up 0.4% in the past 24 hours and 2.3% over the past week. The leading cryptocurrency has gained over 60% year-to-date, continuing its strong momentum into mid-May.
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