Michael Saylor, founder of MicroStrategy and Executive Chairman in charge of Bitcoin strategy, has just revealed the net profit from the company's Bitcoin investment that was shared with shareholders last week. He called this a "Bitcoin gift" for MicroStrategy (MSTR) shareholders, with a total value of up to $299 million.
Specifically, Saylor said the company's treasury management activities have generated a Bitcoin profit of 0.72%, equivalent to about 3,177 BTC. At a Bitcoin price fluctuating around $94,000/BTC on the announcement date, this profit is estimated at $299 million. Saylor likened this profit to a meaningful "Christmas gift" for MicroStrategy shareholders.
Michael Saylor emphasized that MicroStrategy is committed to increasing shareholder value through its long-term Bitcoin investment strategy and effective treasury management. Focusing on accumulating Bit as a store of value asset has helped the company maintain its leading position among public companies adopting this cryptocurrency.
On Monday, MicroStrategy announced another Bit purchase worth $561 million at an average price of around $107,000/Bit. Over the past two months, the company has continuously made large-scale Bit transactions, increasing its total Bit holdings to 444,262 Bit, with a total cost of $27.7 billion and an average purchase price of $62,257/Bit.
