Just now, Michael Saylor, the head honcho at MicroStrategy, pointed out an impressive milestone the company reached over the last year: purchasing a whopping 258,320 Bitcoins!
In 2024, MicroStrategy revealed that they purchased approximately 258,320 Bitcoins for around $22.07 billion, with an average price of roughly $85,450 per Bitcoin. This purchase represented a significant 74.3% increase in their Bitcoin holdings for the year. Beginning the year 2024 with 189,150 Bitcoins, MicroStrategy accrued a Bitcoin profit of approximately 140,630 Bitcoins, equating to an average daily gain of about 385 Bitcoins.
In 2024, MSTR purchased approximately 258,320 Bitcoins at an average cost of about $85,450 per Bitcoin, totaling $22.07 billion. This move resulted in a Bitcoin Yield of 74.3%. At the start of the year, they held 189,150 Bitcoins. Over the course of the year, they realized a gain of 140,630 Bitcoins, equivalent to roughly 385 Bitcoins per day. If we assume a Bitcoin price of $100,000, this translates to a shareholder value creation of $14.06 billion for the year or approximately $38.5 million per day.
— Michael Saylor⚡️ (@saylor) January 7, 2025
Over the past year, MicroStrategy’s daring Bitcoin investment has significantly paid off, generating an impressive shareholder value of around $14.06 billion at current Bitcoin prices ($100,000 per BTC). This equates to approximately $38.5 million in daily returns for shareholders. In essence, this demonstrates that a corporate strategy centered on Bitcoin can yield substantial profits.
Earlier today, Saylor shared a nostalgic tweet reflecting on the company’s Bitcoin approach. He posted SaylorTracker, a widely used chart showcasing their purchases, accompanied by the message, “It began with a solitary green marker.
On Monday, MicroStrategy announced the purchase of 1,070 Bitcoins for approximately $101 million, which equates to roughly $94,004 per Bitcoin. This acquisition has boosted their total Bitcoin holdings to an estimated 447,470 Bitcoins as of January 5th, 2025.
What’s next for Bitcoin price?
After climbing for seven consecutive days, Bitcoin peaked at an all-time high of $102,500 on Monday. During today’s trading, it briefly touched $102,735 but then met resistance and dropped.
At the time of writing, BTC was slightly up 0.32% in the last 24 hours to $100,600.
As per the analysis by crypto expert Ali, Bitcoin currently resides above a crucial support level that ranges from approximately $95,400 to $98,400. This region represents more than 1.77 million addresses collectively holding over 1.53 million Bitcoins. At this point, there seems to be limited resistance ahead, with only a minor barrier of around 107,000 Bitcoins between $104,700 and $105,770 acting as a potential obstacle.
According to Glassnode founders known as “Negentropic” on various platforms, they’re keeping an eye on the price consolidation zone between $101,500 and $102,500. A return to the significant $100,000 level will likely determine if the price can hold steady within the range of $90,000 to $100,000 or if it might drop back down to lower prices.
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2025-01-07 19:29