Barstool Sports founder Dave Portnoy (데이브 포트노이) publicly asked Strategy chairman Michael Saylor (마이클 세일러) to buy more bitcoin (BTC) after suffering multimillion-dollar losses in his cryptocurrency portfolio.

U.Today, a blockchain media outlet, reported on June 8 that Portnoy recently recorded large losses in major holdings such as XRP and Strategy (MSTR) shares.

Portnoy appears to be betting on a rebound in bitcoin prices to recoup his losses. He publicly urged Saylor and Strategy to continue buying bitcoin. U.Today described Portnoy as "appealing" to Saylor to buy more bitcoin.

Portnoy's losses were not limited to a specific asset. His cryptocurrency portfolio includes XRP, and Strategy shares, which are highly correlated with bitcoin prices, were also reported to have entered loss territory. As a result, his total losses are said to amount to several million dollars.

Portnoy's remarks are interpreted as a response directly tied to his investment position rather than a simple market outlook. In particular, the MSTR shares he holds are closely linked to Strategy's aggressive bitcoin-buying strategy, meaning whether bitcoin rises could directly affect his investment performance.

The market is again focusing on the possibility of additional bitcoin purchases by Strategy following the comments. Strategy is seen as a representative company that has expanded its influence in the cryptocurrency market through large-scale bitcoin accumulation.

Portnoy's demand is also viewed as an example showing how buying by large institutional investors can affect market sentiment and asset prices, beyond an expression of frustration by an individual investor.

So far, the confirmed facts are that Portnoy has recorded significant losses on XRP and Strategy investments and is expecting Saylor to buy more bitcoin. Market participants are watching whether Strategy will buy bitcoin in the future and how markets respond.

Meanwhile, Strategy bought 1,550 more bitcoins on the day, raising its holdings to 840,000. Saylor said on X that the company spent $101 million, about 154.38 billion won, to buy an additional 1,550 bitcoins. He said the company's total bitcoin holdings increased to 845,256.

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