Michael Saylor Reacts to Bitcoin Xmas Rally: ‘There Is No Second-Best Christmas Gift’

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As a seasoned crypto investor with a knack for spotting trends and a penchant for Bitcoin, I can’t help but feel a sense of admiration for Michael Saylor’s unwavering faith in the world’s flagship cryptocurrency. His daily endorsements, especially during significant market rallies like the recent “Santa Claus rally,” are not only strategic but also infectious, stirring up a sense of excitement among fellow Bitcoin enthusiasts.

Michael Saylor, CEO of MicroStrategy, consistently shares a daily tweet advocating for Bitcoin, the leading digital currency, on which his firm has invested significantly, allocating billions of U.S. dollars from recently-raised capital in 2021.

Over the past 24 hours, Bitcoin’s price climbed by 4.56%, a move often referred to as a “Santa Claus rally” in financial markets leading up to Christmas. In response, Michael Saylor, in a playful tweet, presented himself as Santa Claus holding a gift box adorned with the Bitcoin logo, stating that “There’s no second-best Christmas gift.” The BTC price jumped from approximately $94,190 to the $99,500 range but is now being traded at around $98,620 per coin.

There is no second-best Christmas gift.

— Michael Saylor⚡️ (@saylor) December 25, 2024

The “there is no second-best” phrase is frequently applied to Bitcoin by BTC maximalists, as they underscore Bitcoin’s superiority over not only the rest of the crypto market but over the rest of the assets on traditional markets as well.

Saylor brings “$299 million Bitcoin gift” to MSTR holders

Yesterday, Michael Saylor shared via his X account that MicroStrategy’s treasury operations had earned a 0.72% return on Bitcoin last week, equivalent to around 3,177 Bitcoins. Given the price of Bitcoin at $94,000 on Tuesday, he described this yield as a $299 million windfall for MicroStrategy’s shareholders.

This week, MicroStrategy announced that it had acquired another large portion of Bitcoin, totaling approximately $561 million. As a result, this company now owns about 444,262 Bitcoins in its holdings, which currently equate to around $27.7 billion.

Approximately a month ago, I declared my plans to host a “Bitcoin $100k” celebration at my residence on New Year’s Eve. At the time, Bitcoin was slightly hovering above $90,000, but I remain committed to hosting this event regardless. As the day approaches, we are now left with just about a week until the festivities begin.

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2024-12-25 18:22