Jim Cramer sets a "bottom line" for Bitcoin, urging Michael Saylor to take action before Strategy's Q4 earnings report
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According to a report by Bijie Network: Market commentator Jim Cramer publicly urged MicroStrategy Chairman Michael Saylor to use corporate financial instruments, such as issuing zero-coupon convertible bonds, to prevent the price of bitcoin from falling, specifically mentioning the key price levels of $73,802 and $73,820. Previously, MicroStrategy's large holdings of bitcoin (with an average purchase price of $76,052 per coin) had experienced unrealized losses. Saylor reiterated the company's long-term holding strategy, stating that it is designed to withstand significant declines. MicroStrategy's stock ultimately closed down 4.56% at $133.26.
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