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Michael Saylor: "Sell a tooth if you have to, but hold on to Bitcoin"
Michael Saylor, the executive chairman of Strategy ( formerly known as MicroStrategy ), spoke to X on Thursday with a new message for Bitcoin believers. "Sell a tooth if you have to, but hold onto your bitcoin." This is the latest in a series of controversial and dramatic statements by Saylor, who has become the cryptocurrency's loudest Bitcoin evangelist. Just a few months ago, in February, Saylor wrote a famous sentence, "Sell a kidney if you have to, but keep Bitcoin." Saylor has long supported investing everything into Bitcoin. Previously, he urged his followers to mortgage their homes or family businesses to buy more assets. Under his leadership, Strategy has made over 50 separate Bitcoin purchases — many of which were leveraged. The company's total holdings currently stand at 568,840 BTC, worth nearly $59 billion at current prices. That strategy helped Strategy become the center of attention. The company recently changed its name from MicroStrategy to reflect its Bitcoin-first philosophy — and the company's ambitions are as big as its platform itself. In a recent documentary by the Financial Times, company analyst Jeff Walton predicted, "The strategy will be the number one publicly traded stock across the entire market." What is your reason? No other company holds such a huge treasure of what you call "the most pristine collateral on the entire planet." Saylor himself believes the company can go far, much more. "MicroStrategy is in a position to grow from a $100 billion enterprise to a $1 trillion enterprise and then to a $10 trillion enterprise," he said. According to Kraken's price feed, Bitcoin is trading at $103,719 — up 0.4% in the past 24 hours and 2.3% in the past week. This leading cryptocurrency has risen more than 60% this year, continuing its strong upward trend into mid-May.