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MicroStrategy Shareholders Celebrate Stunning 9,850 BTC Profit Boost Last Week

MicroStrategy Shareholders Celebrate Stunning 9,850 BTC Profit Boost Last Week WikiBit 2024-12-03 22:13

Key Points: MicroStrategy earned 9,850 BTC last week, averaging 1,407 BTC/day. At a $95,000 Bitcoin price, this equates to $936M weekly or $134M daily.

Net Income Reaches $936 Million in One Week

Saylor put these numbers into perspective by framing them with Bitcoin‘s market price. Calculated on a Bitcoin price of $95,000, this performance would equate to an incredible $936 million in weekly net income or $134 million daily. This announcement shows the company’s acumen in leveraging the volatility and value of Bitcoin.

Last week, $MSTRs treasury operations delivered a BTC Yield of 2.55%, providing a net benefit of ~9,850 BTC to our shareholders, or ~1407 BTC per day. At $95K per BTC, that would equate to $936 million for the week, or $134 million each day.

— Michael Saylor⚡️ (@saylor) December 3, 2024

MicroStrategy has been a frontrunner in Bitcoin investments, often celebrated as a leading driver of corporate cryptocurrency adoption. With its accumulated massive BTC stores, the company continuously sets benchmarks to utilise Bitcoin as a treasury asset. What Saylor essentially means is that MicroStrategy continues to dominate in the cryptocurrency space and brings extraordinary value to its shareholders.

Achieving Impressive 2.55% Yield on BTC

As Bitcoin inches closer to the $100,000 mark, MicroStrategys success is a case study of the potential rewards of bold crypto strategies. With Saylor at the helm, the company will likely maintain its position as a leader in the crypto-financial ecosystem. To shareholders, these results affirm the substantial value of their investments in a dynamic and rapidly evolving market.

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