Canadian billionaire and gold advocate Frank Giustra publicly criticized MicroStrategy's (MSTR) goal of holding 1 million Bitcoin. MSTR currently holds approximately 818,000 BTC, and at the current pace, it is expected to reach the 1 million mark, representing 5% of the total supply, by August. Giustra dismissed the symbolic significance of this figure via X (formerly Twitter), asking, "What does it even mean for Saylor to hold 5%?" He specifically criticized Chairman Michael Saylor's raising of Bitcoin's target price to $49 million, calling it a "tactic to stimulate human greed and FOMO to maintain buying momentum," and pointed out that MSTR's strategy relies solely on the market's overheated enthusiasm.
