From Yahoo Finance: 2025-05-06 11:53:00

Shark Tank’s Kevin O’Leary criticized MicroStrategy’s Michael Saylor for aggressive Bitcoin acquisitions, calling it self-serving. O’Leary spoke to Anthony Scaramucci, questioning the viability of leveraging stock, preferred shares, and debt for Bitcoin purchases. Strategy recently acquired more Bitcoin, making it the world’s largest corporate holder.

Senator Cynthia Lummis reintroduced the BITCOIN bill proposing the government acquire 1 million BTC. This could strengthen the dollar and reduce national debt. O’Leary dismissed the idea of a U.S. strategic Bitcoin reserve, citing lack of bipartisan support and self-serving advocacy from entrepreneurs like Saylor.

President Donald Trump’s potential executive order for a Bitcoin reserve could be established if the bill passes. Scaramucci believes bipartisan support for the bill is crucial for boosting the U.S. economy. However, a change in government could reverse the bill if passed with unilateral Republican support. Kraken’s price feed shows Bitcoin trading at $94,640.43.

Read more: Shark Tank’s Kevin O’Leary has a shocking response to MicroStrategy