PakGazette: Michael Saylor, founder of business intelligence firm MicroStrategy, who is currently its CEO in charge of its strategy, took to social media platform X to reveal the net profit paid last week to BTC shareholders of the company.
Saylor called it a “gift” of Bitcoin to the company’s shareholders.
$299M “Bitcoin Gift” to MSTR Shareholders
Saylor tweeted that last week, his company’s treasury operations resulted in a Bitcoin return of 0.72% with a net profit of approximately 3,177 BTC. Considering the BTC price of approximately $94,000 per coin seen yesterday and today, this BTC return equates to approximately $299 million worth of Christmas “gift” to MicroStrategy shareholders.
Thus, the founder of MicroStrategy has underlined the company’s commitment to increasing shareholder value through strategic Bitcoin accumulation and return generation strategies. The company’s strong treasury management and strategy focused on Bitcoin as a store of value have given it a leadership position among publicly traded companies adopting Bitcoin.
Another recent Bitcoin purchase by MicroStrategy
On Monday, the company surprised financial markets by announcing 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 purchase price was approximately $107,000 per coin.
As of now, Michael Saylor’s company owns a whopping 444,262 BTC valued at approximately $27.7 billion purchased at $62,257 per BTC on average.
Earlier today, Saylor posted a tweet defending his company’s Bitcoin accumulation strategy, saying that if you don’t buy BTC at the top, you “leave money on the table.”
