MicroStrategy Just Delivered $642 Million in Bitcoin to Investors
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Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. MicroStrategy, the business intelligence firm with a huge bet on Bitcoin (BTC), has made remarkable returns for its investors. MicroStrategy’s executive chairman, Michael Saylor, shared the significant achievement with the community in an X post. MicroStrategy’s record-breaking Bitcoin yields Saylor highlighted that in the outgoing week, MicroStrategy (MSTR) achieved a Bitcoin gain of 6,120 BTC. This reflects a successful return on its existing BTC holdings. Related According to Saylor, the company recorded a 1.36% BTC yield on its 45,000 BTC base, indicating that the 6,120 BTC qualifies as profit. Benchmarking the asset at an approximate market price of 105,000 per BTC, Saylor emphasized that it translates to $642.6 million. Last week, $MSTR achieved a BTC Gain of 6,120 BTC, reflecting a 1.36% BTC Yield on our 450,000 BTC base. At ~$105K/BTC, this translates to $642.6M in value generated through treasury operations—reinforcing our commitment to maximizing shareholder returns. — Michael Saylor⚡️ (@saylor) January 22, 2025 This amount represents the gains from MicroStrategy treasury operations alone. As noted by Saylor, this notable performance reinforces the company’s commitment to “maximizing shareholder returns.” The MicroStrategy executive chairman clarified with his post that the company remains focused on utilizing Bitcoin as a core pillar of its strategy. That is, Bitcoin remains key in delivering long-term value to its shareholders. Last week’s performance dwarfs…
Filed under: News - @ January 23, 2025 7:20 am