Jim Cramer Slams Michael Saylor's Bitcoin Strategy Amidst MicroStrategy Stock and Preferred Share Woes
Jim Cramer is throwing shade at Michael Saylor, questioning his Bitcoin accumulation strategy with a loaded "who murdered Bitcoin?" jab. This comes as MicroStrategy's stock and preferred shares are showing serious stress, fueled by a symbolic BTC sale and broader market FUD.
Jim Cramer just went on the offensive, implying Michael Saylor "murdered Bitcoin." This isn't just noise; it's a direct shot at MicroStrategy's aggressive Bitcoin treasury strategy, especially with MSTR and STRC stock showing cracks. The timing is brutal, hitting as the company disclosed its first Bitcoin sale since 2022, a tiny 32 BTC move to fund preferred share dividends. This symbolic shift, however small, broke MicroStrategy's long-held 'never sell' mantra and ignited a firestorm of scrutiny across crypto and traditional finance.