Michael Saylor Announces $299 Million 'Bitcoin Gift' to MSTR Holders

Michael Saylor Announces $299 Million 'Bitcoin Gift' to MSTR Holders

Saylor called it a Bitcoin “gift” to the company’s shareholders.

Thus, the MicroStrategy’s founder has stressed the company’s commitment to increasing shareholder value by means of strategic Bitcoin accumulation and yield-generation strategies. The company’s strong treasury management and its strategy focused on Bitcoin as a store-of-value have earned it a leading position among publicly traded companies that are embracing Bitcoin.

As of now, Michael Saylor’s company holds a whopping 444,262 BTC valued at roughly $27.7 billion bought at $62,257 per BTC on average.

Earlier today, Saylor published a tweet, in which he defended his company’s Bitcoin accumulation strategy, saying that if you do not buy BTC at the top, you “leave money on the table.”

This article was originally published on U.Today

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