U.Today – Michael Saylor's Bitcoin Gift to Shareholders

Michael Saylor, founder and executive chairman of MicroStrategy, recently shared details about the company's Bitcoin strategy on the X social media platform.

$299 Million "Bitcoin Gift" to MSTR Shareholders

Saylor announced that last week, MicroStrategy's treasury operations yielded a 0.72% Bitcoin return, resulting in approximately 3,177 BTC. With Bitcoin priced around $94,000, this yield translates to roughly $299 million in what Saylor called a holiday "gift" to shareholders. He emphasized the firm’s commitment to enhancing shareholder value through strategic Bitcoin accumulation and yield-generation initiatives, reaffirming its position as a leader among public companies embracing Bitcoin.

Another Recent Bitcoin Buy by MicroStrategy

On Monday, MicroStrategy made headlines by acquiring an additional $561 million in Bitcoin, following several large purchases in the past two months. The average purchase price was about $107,000 per coin. Currently, the company holds an impressive 444,262 BTC, valued at around $27.7 billion with an average acquisition cost of $62,257 per BTC.

Saylor recently defended this accumulation strategy, mentioning that failing to buy Bitcoin at peak prices means potentially missing out on profits.

Originally published on U.Today