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In a recent tweet, Michael Saylor, the executive chairman and co-founder of MicroStrategy, highlighted the company's record-breaking Bitcoin achievement in the past year: the acquisition of 258,320 $BTC.
Saylor disclosed 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 74.3% $BTC yield for the year. Starting the year 2024 with 189,150 $BTC, MicroStrategy realized a $BTC gain of 140,630 $BTC, averaging 385 $BTC per day.
$MSTR acquired 258,320 $BTC for $22.07B (~$85,450/$BTC) in 2024 and achieved a 74.3% $BTC Yield, starting the year with 189,150 $BTC and realizing a $BTC Gain of 140,630 $BTC (385/day). At $100K/$BTC, this translates to shareholder value creation of $14.06B for the year or $38.5M/day.
— Michael Saylor⚡️ (@saylor) January 7, 2025
MicroStrategy's bold Bitcoin bet in the past year has paid off in a big way. According to Saylor, at the current price of $100,000 per $BTC, this translates to shareholder value creation of $14.06 billion for the year, or $38.5 million per day. With this, MicroStrategy has proven that a Bitcoin-focused corporate strategy can drive massive returns.
In a tweet earlier today, Saylor reminisced about the company's Bitcoin strategy, posting SaylorTracker, a popular graph that tracks the firm’s buys, alongside the caption, "This all started with a single green dot."
On Monday, MicroStrategy reported the acquisition of 1,070 $BTC for nearly $101 million, or nearly $94,004 per Bitcoin, increasing its total Bitcoin holdings to 447,470 $BTC as of Jan. 5, 2025.
What's next for Bitcoin price?
Following a seven-day price rise, Bitcoin reached a high of $102,500 on Monday. The surge reached highs of $102,735 in today's trading session before encountering resistance and declining.
At the time of writing, $BTC was slightly up 0.32% in the last 24 hours to $100,600.
According to Ali, a crypto analyst: "Bitcoin sits well above an important support zone between $95,400 and $98,400, where 1.77 million addresses bought over 1.53 million $BTC. However, there isn't significant resistance ahead, only a minimal supply wall of 107,000 $BTC between $104,700 and $105,770."
Glassnode founders who go by "Negentropic" on X indicated that "eyes are on the $101,500-$102,500 consolidation zone. A retest of the psychological $100,000 level will decide maybe a hold above $90,000 to $100,000 or a revisit the lower range."