PakGazette: Michael Saylor, founder and CEO of business intelligence firm MicroStrategy who moved to , took to his official account on social media platform X (formerly known as Twitter) to address MSTR holders regarding to the recently obtained weekly profits. .
MicroStrategy has prepared a big Bitcoin return for holders
The founder of MicroStrategy has announced that over the last week, the company’s treasury operations generated a weekly Bitcoin profit of 1,440 BTC for MSTR holders. Saylor clarified that it is a return of 0.32% compared to the 447,470 Bitcoins that the company currently owns. At Bitcoin’s current price of approximately $96,000, 1,140 BTC is valued at just over $138 million in total. The company now owns the equivalent of $43,482,712,500.
Earlier this week, MicroStrategy announced another big Bitcoin purchase as it acquired a $243 million BTC stash. The previous accumulation was made this year on January 5, when the company made off with $101 million worth of Bitcoin.
Tom Lee assumes that Bitcoin can fall to $50,000
Bitcoin permabull and Fundstrat chief expert Tom Lee visited the CNBC studio to discuss the recent Bitcoin crash with its regular hosts.
Tom Lee believes that when BTC fell to $90,000 from $96,000, it was a normal correction of about 15% after the recent highs reached by the leading digital currency. Lee opined that Bitcoin may demonstrate an extended correction to $70,000. However, it may fall further and touch the $50,000 area. However, if that happens, that’s where I would push to start recovering.
Lee noted that this year Bitcoin is expected to be one of the best performing assets and reach $250,000 by the end of the year.
Bitcoin reduces losses and recovers to $97,000
Today, Bitcoin experienced a recovery, rising by approximately 7.21% and rising from $90,600 to $97,140 per coin. There have been some bullish drivers, including the decision by the new US president’s administration to address trade tariffs. As a result, Bitcoin, US Treasuries, and S&P 500 futures have all shown impressive gains.
In addition, the publication of PPI data is expected today with a year-on-year increase of 3.7% in December. Another inflation metric, the CPI, is expected to be published tomorrow, also higher than the previous one: 2.9% year-on-year.
