Michael Saylor decided to gift Bitcoin to MicroStrategy shareholders as a Christmas present, equivalent to the profits the company generated in the past week.
MicroStrategy CEO Michael Saylor announced a 'gift' for shareholders. The company generated 299 million dollars in Bitcoin profits (equivalent to 3,177 BTC) in the past week. Saylor described this as a 'Christmas gift' for shareholders.
This achievement further demonstrates MicroStrategy's leadership in leveraging Bitcoin as part of its strategy for creating shareholder value. Recently, the company announced an additional investment of 561 million dollars in Bitcoin, with an average purchase price of 107,000 dollars per BTC.
MicroStrategy currently holds 444,262 BTC, with a total investment of 27.7 billion dollars, equivalent to an average cost of 62,257 dollars per BTC.
However, there are rumors that MicroStrategy plans to issue 10 billion dollars in stock to purchase 3 trillion dollars worth of Bitcoin. Jeff Park, head of Alpha Strategy at Bitwise Asset Management, quickly dismissed this claim as unrealistic. He pointed out that Bitcoin's total market value is currently below 2 trillion dollars, while MicroStrategy's own market value is only about 85 billion dollars.
Park also analyzed the strong correlation between MSTR stock and Bitcoin prices. He believes that even if Bitcoin falls to 30,000 dollars, MicroStrategy's stock price is unlikely to drop to zero. He emphasized that the company still has various capital diversification strategies and is leveraging opportunities in the broader market for growth.