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Saylor Slams Tesla for 75% Bitcoin Sell-Off

Guavy AI Editorial Team
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BTC
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MicroStrategy CEO Michael Saylor has criticized Tesla for selling 75% of its Bitcoin. According to Saylor, by doing so, Tesla would only have 25% of its original Bitcoin left.

Saylor's comments come as his company continues to hold a significant amount of Bitcoin, approximately 130,000 BTC, despite the cryptocurrency's value falling by billions in recent months.

MicroStrategy has taken on debt to acquire more Bitcoin, including a loan from Silvergate Bank worth $205 million that was backed by Bitcoin. The loan came with a margin call when BTC fell to $21,000 earlier this year.

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