Michael Saylor, head honcho at the business intelligence company MicroStrategy which recently embraced Bitcoin, used his official account on social media platform X (previously known as Twitter), to converse with MSTR shareholders about the recent profits they’ve reaped during the past week.
MicroStrategy has prepared big Bitcoin yield to holders
The creator of MicroStrategy has disclosed that, over the past week, Bitcoin earnings from the company’s treasury operations amounted to 1,440 Bitcoins for MSTR shareholders. Saylor explained this equates to a 0.32% return, considering the company currently holds approximately 447,470 Bitcoins. At its current value of around $96,000 per Bitcoin, 1,440 Bitcoins is worth roughly $138 million in total. As such, MicroStrategy now manages assets equivalent to about $43.5 billion.
Last week’s treasury operations for MSTR generated a Bitcoin profit of approximately 1,440 BTC, which equates to a yield of 0.32%. This is significant when considering the initial 447,470 BTC held. Translated in terms of Bitcoin’s current value at around $96,000 per coin, this operation has created an impressive shareholder value of approximately $138.2 million.
— Michael Saylor⚡️ (@saylor) January 14, 2025
This past week, MicroStrategy revealed plans for another significant Bitcoin acquisition, purchasing approximately $243 million in Bitcoin. Their last purchase, which amounted to $101 million, was made earlier this year on January 5th.
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Tom Lee assumes Bitcoin may crash to $50,000
As a dedicated researcher focusing on the digital currency landscape, I recently found myself in the CNBC studio, engaged in a discussion about the latest Bitcoin downturn with their esteemed hosts.
According to Tom Lee, when Bitcoin (BTC) dropped from $96,000 to $90,000, it was a typical correction of around 15%, following the high records set by Bitcoin. He suggested that Bitcoin could continue with this corrective phase and potentially drop to $70,000. However, it might fall further, reaching the $50,000 range. Yet, if it does so, that’s where a potential rebound and rally would likely begin.
It’s predicted that this year, Bitcoin could well be among the top-performing investments, potentially reaching a value of $250,000 by the end of the year.
Bitcoin pares losses, recovering to $97,000
Today, the price of Bitcoin saw an upturn, climbing approximately 7.21% and surging from $90,600 to $97,140 per coin. Some positive factors contributing to this rise include the new US administration’s stance on trade tariffs. This shift has led to significant increases in Bitcoin, U.S. Treasuries, and S&P 500 futures.
Today, it’s anticipated that the Producer Price Index (PPI) data will be released, showing a 3.7% year-on-year increase in December. Tomorrow, we can expect another inflation measure, Consumer Price Index (CPI), to be disclosed as well, and this one is projected to be 2.9% higher than the previous year-on-year rate.
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2025-01-14 18:38