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Jafrin Ahmed
Apr 15, 2022
by Jafrin Ahmed

Michael Saylor Advises Musk to Buy A Fraction Of Bitcoin, Instead of All of Twitter

Michael Saylor Musk Twitter

Table of contents

  1. Michael Saylor Has An Advice For Musk Regarding Twitter
A recent filing with the U.S. Securities and Exchange Commission (SEC) shows that Elon Musk is offering to buy the entire Twitter company for $43 billion. Musk already purchased a majority 9.2 percent stake in the company earlier this month and was set to become a member of its board, before he reversed the decision.

The Tesla and SpaceX CEO believes that the social media firm has potential but it needs to go private for it to thrive. In a letter addressed to Twitter Chairman Bret Taylor, Musk wrote,

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder."

Michael Saylor Has An Advice For Musk Regarding Twitter

Commenting on Musk’s move, Michael Saylor, the CEO of MicroStrategy, advised Musk to buy a fraction of BTC in case his offer to buy all of Twitter is rejected by the company's board. Saylor tweeted,

"If you can't buy all of @twitter you can still buy a fraction of #bitcoin."

Saylor who is an altruistic promoter of Bitcoin (BTC), considers the flagship cryptocurrency more valuable than any other asset class in the world.

His company, MicroStrategy is the largest known corporate holder of bitcoin (BTC), which has been achieved through a mix of self-funding and borrowing.

The company’s total bitcoin holdings now stand at 129,218 BTC worth above $5 billion at the time of writing.

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Michael Saylor Advises Musk to Buy A Fraction Of Bitcoin, Instead of All of Twitter
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.