Pakinomist – Michael Saylor, founder and executive chairman of the MicroStrategy business intelligence firm that has moved to , has taken to his official account on social media platform X (formerly known as Twitter) to address MSTR holders regarding the recent earned weekly winnings.
MicroStrategy has prepared large Bitcoin dividends for holders
The founder of MicroStrategy has announced that the company’s treasury operations over the past week brought a weekly Bitcoin gain of 1,440 BTC to MSTR holders. Saylor clarified that this is a 0.32% yield on the 447,470 Bitcoins the company now holds. At the current Bitcoin price of around $96,000, 1,140 BTC is valued at a little more than $138 million in total. The company now owns the equivalent of $43,482,712,500.
Earlier this week, MicroStrategy announced another major Bitcoin purchase when it acquired a $243 million BTC stockpile. The previous accumulation was made this year on January 5, when the company acquired $101 million worth of Bitcoin.
Tom Lee believes that Bitcoin can go down to $50,000
Bitcoin permabull and chief expert at Fundstrat Tom Lee has visited the CNBC studio to discuss the recent Bitcoin collapse with his regular hosts.
Tom Lee believes that when BTC crashed to $90,000 from $96,000, it was a normal correction of around 15% after the recent highs reached by the leading digital currency. Lee believed that Bitcoin may demonstrate an extended correction to $70,000. However, it could drop even lower and touch the $50,000 zone. But if that happens, that’s where it would push from to start gathering.
Lee noted that this year, Bitcoin is expected to be one of the best-performing assets, reaching $250,000 by the end of the year.
Bitcoin pars losses and recovers to $97,000
Today, Bitcoin staged a rally, rising by about 7.21%, rising from $90,600 to $97,140 per coin. There have been some bullish drivers here, including the decision by the new US president’s administration to move closer to trade tariffs. As a result, Bitcoin, US Treasuries and S&P 500 futures have posted impressive gains.
Also, the PPI data release is expected today with a 3.7% y/y increase in December. Another inflation metric CPI is expected out tomorrow, also higher than the previous one – 2.9% y/y.
