PakGazette – In a recent tweet, Michael Saylor, CEO and co-founder of MicroStrategy, highlighted the company’s record-breaking achievement last year: the acquisition of 258,320 BTC.
Saylor revealed that MicroStrategy acquired 258,320 BTC for $22.07 billion in 2024, at an average price of nearly $85,450 per BTC. This acquisition resulted in a remarkable BTC return of 74.3% for the year. Starting in 2024 with 189,150 BTC, MicroStrategy made a BTC profit of 140,630 BTC, averaging 385 BTC per day.
MicroStrategy’s bold bet on Bitcoin last year has paid off big. According to Saylor, at the current price of $100,000 per BTC, this translates into shareholder value creation of $14.06 billion over the year, or $38.5 million per day. With this, MicroStrategy has proven that a Bitcoin-focused corporate strategy can generate massive returns.
In a tweet today, Saylor recalled the company’s Bitcoin strategy and posted SaylorTracker, a popular chart that tracks the company’s purchases, along with the caption: “This all started with a single green dot.”
On Monday, MicroStrategy reported acquiring 1,070 BTC for nearly $101 million, or nearly $94,004 per Bitcoin, increasing its total Bitcoin holdings to 447,470 BTC as of January 5, 2025.
What’s next for Bitcoin price?
Following a seven-day price surge, Bitcoin hit a high of $102,500 on Monday. The rally reached highs of $102,735 in today’s trading session before meeting resistance and falling.
At the time of writing, BTC was up slightly by 0.32% in the last 24 hours to $100,600.
According to Ali, a crypto analyst: “Bitcoin is well above an important support zone between $95,400 and $98,400, where 1.77 million addresses bought more than 1.53 million $BTC. However, there is no resistance significant ahead, only a minimum supply wall of 107,000 BTC between $104,700 and $105,770.”
Glassnode founders who call themselves “Negentropic” on to visit the lower rank.”
