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Giustra Slams Saylor's Latest Bitcoin Sale

Guavy AI Editorial Team
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BTC
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Canadian billionaire investor Frank Giustra has criticized Michael Saylor and Strategy's latest Bitcoin sale. The company sold 1,637 BTC worth $102.3 million as part of its treasury management strategy.

Giustra argued that the sale has done more harm than good for the cryptocurrency. He pointed to his 2021 debate with Saylor, where he said 'Bitcoin was $65,000 and gold was $1,700' after Saylor boasted about his investment in Bitcoin.

Schiff also weighed in on Strategy's latest move, calling it 'an albatross around the company's neck'. He predicted that the financing structure will require additional Bitcoin sales and continued dilution of common shareholders.

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