Search results for Frank Giustra
Crypto
Canadian billionaire calls Michael Saylor \'bitcoin\'s biggest enemy\' as Strategy sale row intensifies
Canadian billionaire investor Frank Giustra criticised Strategy Chairman Michael Saylor after the company disclosed it sold 1,637 bitcoin for about $102.3 million. Giustra said Saylor has harmed the cryptocurrency rather than helped it, renewing their long-running gold-versus-bitcoin dispute. Strategy said the sale was part of a financial strategy to strengthen its balance sheet. Critics including Peter Schiff argued the firm’s financing structure burdens common shareholders and could lead to further sales and dilution.
Crypto
Canadian billionaire calls Michael Saylor the worst figure in bitcoin history
Canadian billionaire Frank Giustra criticised the bitcoin maximalist camp, taking aim at Michael Saylor and Anthony Scaramucci. Giustra responded to Scaramucci reaffirming support for Saylor by citing a Mark Twain line about checking whether the crowd is still following. He called Saylor “the worst figure in bitcoin history” and said maximalists’ exaggerated narratives harmed markets but failed to lift bitcoin above a certain level. He also said stablecoins have utility, unlike bitcoin.
Crypto
Economist Henrik Zeberg says Michael Saylor will eventually collapse, raising questions over Strategy
Economist Henrik Zeberg criticised Strategy Chairman Michael Saylor\'s approach of accumulating bitcoin using borrowed money, saying it would end in disaster. The warning comes as bitcoin fell from about $82,000 in early June to $62,000 to $63,000 in about two weeks, and Strategy reported an operating loss of $14 billion in the first quarter of 2026 tied to unrealised losses. Debate is shifting to the sustainability of leveraged bitcoin treasury strategies.
