‘Pharma Bro’ Martin Shkreli Predicts Liquidation Doom For MicroStrategy Amid Fall Below $300, Says Bitcoin Will Hit $250K Without Michael Saylor

Controversial figure Martin Shkreli issued a stark warning for Bitcoin (CRYPTO: BTC) proxy stock, MicroStrategy Inc. (NASDAQ:MSTR), on Monday, predicting its potential liquidation and a significant Bitcoin surge.

What Happened: Shkreli, popularly known as “Pharma Bro,” took to X to vent his thoughts on MicroStrategy’s ongoing downturn, which has resulted in the stock plummetting more than 15% in a week. The decline coincided with Bitcoin’s corrective action, which caused the leading cryptocurrency to slip below $93,000.

“Uh $MSTR < $300. We will liquidate you and take BTC to $250,000 without Saylor—poetic justice?” Shkreli made a cheeky jibe at the company’s co-founder and chair, Michael Saylor.

Shkreli sarcastically advised Saylor to sell some of the firm’s Bitcoin holdings to protect against risks. “Best thing Saylor can do is shor (pun intended) up his balance sheet.”