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Michael SaylorThe founder and CEO of business intelligence-turned-Bitcoin company MicroStrategy took to his official account on social media platform X (formerly known as Twitter) to address MSTR holders regarding their recently acquired weekly gains.
MicroStrategy has prepared a huge Bitcoin return for its holders
The founder of MicroStrategy announced that over the past week, the company's treasury operations brought weekly Bitcoin gains of 1,440 BTC to MSTR holders. Saylor explained that the yield is 0.32% for the 447,470 BTC the company now holds. At Bitcoin's current price of around $96,000, 1,140 Bitcoins are worth just over $138 million in total. The company now has the equivalent of $43,482,712,500.
Earlier this week, MicroStrategy announced another major Bitcoin purchase, acquiring $243 million worth of Bitcoin stock. The previous accumulation this year took place on January 5, when the company acquired $101 million worth of Bitcoin.
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Tom Lee posits that Bitcoin could collapse to $50,000
Bitcoin permabull and Fundstrat senior expert Tom Lee visited the CNBC studio to discuss the recent Bitcoin collapse with his regular hosts.
Tom Lee believes that when Bitcoin collapsed to $90,000 from $96,000, it was a natural correction of approximately 15% after the recent highs reached by the leading digital currency. Lee opined that Bitcoin may show an extended correction to $70,000. However, it may fall to a lower level and reach the $50,000 region. However, if that happens, this is where it will push from to start the rally.
Lee noted that Bitcoin is expected to be one of the best performing assets this year and reach $250,000 by the end of the year.
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Bitcoin trimmed its losses, rebounding to $97,000
Today, Bitcoin has seen a rebound, rising nearly 7.21% and rising from $90,600 to $97,140 per coin. There were some bullish drivers here, including the decision made by the new US President's administration on trade tariffs. As a result, Bitcoin, US Treasuries, and S&P 500 futures showed impressive gains.
Furthermore, Producer Price Index data is expected today with a 3.7% YoY increase in December. Another consumer price index (CPI) for inflation is expected tomorrow, which is also higher than the previous one – 2.9% y/y.
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