Michael Saylor, founder of MicroStrategy business intelligence firm, who is currently its executive chairman in charge of its Bitcoin strategy, has taken to the X social media platform to reveal last week’s net benefit paid to the company’s BTC shareholders.
Saylor called it a Bitcoin “gift” to the company’s shareholders.
$299 million "Bitcoin gift" to MSTR shareholders
Saylor tweeted that last week, the treasury operations of his company resulted in a Bitcoin yield of 0.72% with a net benefit of approximately 3,177 BTC. Taking into account the BTC price of roughly $94,000 per coin that was observed yesterday and earlier today, this BTC yield equals roughly $299 million in a Christmas “gift” to MicroStrategy shareholders.
Last week, $MSTR treasury operations resulted in a BTC Yield of .72%, a net benefit of ~3,177 BTC. At $94K per BTC, that equates to a $299 million gift to our shareholders. pic.twitter.com/rWIzfd6XBv
— Michael Saylor⚡️ (@saylor) December 24, 2024
Thus, the MicroStrategy’s founder has stressed the company’s commitment to increasing shareholder value by means of strategic Bitcoin accumulation and yield-generation strategies. The company’s strong treasury management and its strategy focused on Bitcoin as a store-of-value have earned it a leading position among publicly traded companies that are embracing Bitcoin.
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Another recent Bitcoin buy by MicroStrategy
On Monday, the company stunned the financial markets by announcing yet another massive Bitcoin accumulation as it acquired $561 million worth of BTC in addition to its other Bitcoin purchases made over the past two months. The average purchasing price was approximately $107,000 per coin.
As of now, Michael Saylor’s company holds a whopping 444,262 BTC valued at roughly $27.7 billion bought at $62,257 per BTC on average.
Earlier today, Saylor published a tweet, in which he defended his company’s Bitcoin accumulation strategy, saying that if you do not buy BTC at the top, you “leave money on the table.”
