Saylor tweeted that thanks to the recent surge of the world’s largest cryptocurrency, the holders of MSTR are in for some crazy profits in daily terms.
That happened before Thursday last week, when Bitcoin surged first to $93,500 and then went higher, reaching the most recent all-time high at the $99,655 price mark on Friday. As BTC went up to over $93,500, Saylor tweeted that the Bitcoin yields for shareholders would bring $3.8 billion for the week, which equates to $544 million of yields per day thanks to the rapid Bitcoin price increase.
As reported by U.Today, on November 25, the company announced a mammoth-sized purchase of 55,500 BTC worth approximately $5.4 billion. On November 8, MicroStrategy stunned the community by acquiring $4.6 billion in BTC. Therefore, lately, the company has accumulated a mind-blowing $10 billion equivalent of the flagship cryptocurrency. It now holds 386,700 BTC in total valued at $21.9 billion.
In a recent comment, Saylor defended his company’s Bitcoin bet, responding to the venture capitalist Jason Calacanis, who likened MicroStrategy’s BTC strategy to “meme stock madness” and questioned why would anyone like to buy an 80 cent worth of Bitcoin for $1, referring to MSTR. Saylor responded, saying that Bitcoin “represents the digital transformation of capital” and MicroStrategy is helping to accelerate this transformation.
After Bitcoin reached a new historic peak near $100,000 last Friday, it has declined by 5% so far, considering today’s recovery.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
