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Justin Sun Taunts Microsoft Shareholders Over Bitcoin

Justin Sun Taunts Microsoft Shareholders Over Bitcoin

HappyCoinNewsHappyCoinNews2024/12/11 17:33
By:HappyCoinNews

Creator of cryptocurrency Tron (TRX) Justin Sun Taunts Microsoft Shareholders Over Bitcoin

On December 10, it was reported that a majority of Microsoft's security holders voted against a proposal to explore investing in BTC, so the tech giant will not buy the cryptocurrency and hold it to protect savings from inflation, as originally intended.

Bitcoin is not priced high enough for Microsoft to consider listing it as a reserve asset. I strongly recommend buying Bitcoin when it reaches $1 million, — wrote San.

However, Justin’s mockery should be taken with a grain of salt, because he himself does not invest in bitcoins. According to the Arkham service, Sun’s crypto wallets contain digital assets worth just over $2 billion, with BTC accounting for only $9,7 million. The top three lines in terms of investment volume in Justin’s portfolio occupy Tron , Lido Staked Ether (STETH) (staking ethereums) and USDD (USDD) stablecoins.

Justin Sun Taunts Microsoft Shareholders Over Bitcoin image 0

Cryptocurrencies owned by Sun

Speaking about Microsoft shareholders, it is worth noting that even the head of MicroStrategy, Michael Saylor, failed to convince them to approve the initiative to buy bitcoins. During a speech to the shareholders, Saylor said that his company began acquiring BTC more than four years ago, and during this time the organization's assets have increased in price by 26 times. According to Michael, Microsoft missed out on $200 billion by choosing to buy back shares and pay dividends instead of acquiring cryptocurrency.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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