Jim Cramer Sets Bitcoin ‘Line In The Sand,’ Urges Michael Saylor To Act Before Strategy’s Q4 Earnings

Popular market commentator and TV personality Jim Cramer made a rather dramatic plea to Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor on Tuesday, urging him to act and stop Bitcoin’s (CRYPTO: BTC) decline.

Cramer’s Proposal To Saylor

In an X post, Cramer suggested Saylor issue a zero-coupon convertible bond to limit Bitcoin’s downside at $73,802, a level he described as the “line in the sand.”

“Strategy’s earnings depend upon it, and what will you talk about when you report on Thursday. Let’s get this done,” Cramer made a tongue-in-cheek remark.

An hour later, Cramer identified another key level at $73,820, saying it cannot be breached. He again asked Saylor to use corporate maneuvers to “stop the decline.”

Full story available on Benzinga.com