Billionaire, Michael Saylor, mocks Elon Musk over bitcoin sell off

After Elon Musk, the CEO of Tesla, sold off some of his company’s bitcoin holdings on Thursday, Microstrategy creator Michael Saylor made a joke about the richest man in the world.

According to Ripples Nigeria, Musk sold 29,160 bitcoins for $936 million, leaving Tesla with 9,720 bitcoin, which are now worth $224.24 million (at the current market price), down from its previous holding of 43,200 BTC.
Many bitcoin enthusiasts were dismayed by Musk’s sell-off, despite the billionaire’s comments that Tesla could still raise its bitcoin ownership in the future and that the bitcoin swap for fiat shouldn’t be viewed as a judgement on BTC during a Wednesday earnings call.

One of those not having Musk’s sell off was Saylor, the same billionaire that had advised the world’s richest man to buy bitcoin in December 2020, and two months later, the Tesla boss purchased $1.5 billion cryptoasset in February 2021.

In some tweets posted on Twitter, Saylor said, “If you sell 75% of your bitcoin, you will only have 25% of your #bitcoin left.” He then went ahead to post diamond hands symbol, which suggests that an investor is investing for the long term.

His initial tweet on 75% and 25% was a sub to Tesla selling 75% of its bitcoin holdings, while the diamond hands is a reference to a tweet by Musk last year, to indicate he was investing for a long term, however, he seemed not to be keeping to it – Musk didn’t respond to Saylor.

Note that Saylor and his company, Microstrategy, hold the highest bitcoin by a company globally, with 129,699 BTC, after he purchased 480 bitcoin for around $10 million in June, same quarter Musk sold Tesla’s 75% investment in BTC.

Saylor is currently worth $1.1 billion, while Musk is $253 billion richer.