Michael Saylor Announces $299 Million ‘Bitcoin Gift’ to MSTR Holders

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As a seasoned researcher with a penchant for all things finance and technology, I find myself captivated by the audacious moves of Michael Saylor and his company, MicroStrategy. This man is not just a CEO, he’s a Bitcoin evangelist, leading his company into uncharted territories with an unwavering faith in the digital gold rush.

Michael Saylor, the founder and current executive chairman of MicroStrategy Inc., which specializes in business intelligence, recently disclosed on the X social media platform the net profits distributed to the company’s Bitcoin shareholders from their recent transactions.

Saylor called it a Bitcoin “gift” to the company’s shareholders.

$299 million “Bitcoin gift” to MSTR shareholders

Last week, Saylor announced on Twitter that his company’s Bitcoin earnings from treasury operations were around 0.72%. This translated to approximately 3,177 Bitcoins, which is equivalent to a staggering $299 million considering the recent BTC price of about $94,000 per coin. Essentially, this means MicroStrategy shareholders received an unexpected Christmas windfall!

Over the past week, my research has shown that our treasury operations with MicroStrategy (MSTR) have yielded approximately 0.72% in Bitcoin returns. This translates to around 3,177 Bitcoins, given the current market price of $94,000 per BTC. Essentially, this amounts to a generous $299 million contribution to our shareholders.

— Michael Saylor⚡️ (@saylor) December 24, 2024

In essence, the founder of MicroStrategy has emphasized their dedication to enhancing shareholder value through strategic Bitcoin acquisitions and income-producing tactics. Their robust management of assets and Bitcoin-focused strategy as a store of value have positioned them at the forefront among publicly traded companies adopting Bitcoin.

Another recent Bitcoin buy by MicroStrategy

Last Monday, the firm created a buzz in the financial sector by disclosing another significant investment in Bitcoin. Specifically, they bought roughly $561 million worth of BTC, further adding to their Bitcoin portfolio amassed over the last two months. The average price for each coin was approximately $107,000.

Currently, the company owned by Michael Saylor has an impressive 444,262 Bitcoins, which are worth approximately $27.7 billion when considering an average purchase price of around $62,257 per Bitcoin.

This afternoon, Saylor shared a tweet defending his firm’s Bitcoin acquisition approach. In this tweet, he argued that failing to invest in BTC when prices are high means leaving potential profits on the line.

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2024-12-24 18:18