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HomeCrypto NewsMichael Saylor Urges Elon Musk to Buy Some More Bitcoin

Michael Saylor Urges Elon Musk to Buy Some More Bitcoin

prominent bitcoin evangelist Michael Saylor, who earlier tweeted that he is stepping down as MicroStrategy chief executive, responded to the joking tweet of Elon Musk about his intention to purchase the Manchester United football team.

Tesla’s story of buying and selling Bitcoin In February 2021, Musk announced that Tesla had acquired $1.5 billion worth of the flagship digital currency and started accepting BTC as payment for its e-cars.

However, in April, the payment option was shut down over controversial issues about Bitcoin miners and the environmental impact they were having.
Still, Tesla held all of that Bitcoin until recently – in the second quarter of 2022, the company got rid of 75% of its BTC, leaving only $218 million in BTC on its balance sheet. The Bitcoin was sold at roughly $29,000 per unit, while the company had bought BTC at $31,620.

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