Michael Saylor, the executive chairman of MicroStrategy recently shared a major achievement by the company. In a post on a social media platform, Saylor highlighted the fact that the last week’s Bitcoin (BTC) yield reached 0.72%, generating approximately 3,177 BTC.
According to the post, the valuation stands at $94,000 per Bitcoin, this yield further translates into a net benefit of $299 million, which Saylor describes as gift to MicroStrategy’s shareholders.
A Strategic Win for Bitcoin Holdings
Michael Saylor has always had a pro-crypto stance and his belief in cryptocurrency is paying of right now. According to him, cryptocurrency holds a store of value and hedge against inflation.
The company’s significant yield indicates the growing institutional interest in Bitcoin and its potential to generate significant amount of profit to its shareholders.
MicroStrategy Strengthening Shareholder Confidence
Saylor’s announcement also indicates the company’s commitment to maximize the value of Bitcoin holdings. At present, according to Arkham Intelligence, MicroStrategy holds 79.296K BTC valued at $7.60B. By leveraging these Bitcoins, the company has delivered substantial returns that benefit the shareholders directly.
With Bitcoin’s recent surge to the six figure mark, MicroStrategy’s aggressive accumulation strategy continues to position itself as a leader in corporate Bitcoin adoption.
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