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In a recent tweet, Michael SaylorThe CEO and co-founder of MicroStrategy highlighted the company's record milestone in the Bitcoin space last year: the acquisition of 258,320 BTC.
Sailor It has been detected MicroStrategy held 258,320 BTC for $22.07 billion in 2024, at an average price of approximately $85,450 per BTC. This acquisition resulted in a remarkable 74.3% return on Bitcoin for the year. Starting in 2024 with 189,150 BTC, MicroStrategy has generated BTC gains of 140,630 BTC, an average of 385 BTC per day.
MicroStrategy's bold bet on Bitcoin last year has paid off in a big way. According to Saylor, at the current price of $100,000 per bitcoin, this translates into shareholder value creation of $14.06 billion for the year, or $38.5 million per day. In doing so, MicroStrategy has proven that the company's Bitcoin-focused strategy can deliver tremendous returns.
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In a tweet earlier today, Saylor I remembered About the company's Bitcoin strategy, he posted SaylorTracker, a popular chart tracking the company's purchases, along with the caption, "It all started with one green dot."
On Monday, MicroStrategy reported the acquisition of 1,070 BTC for approximately $101 million, or approximately $94,004 per BTC, increasing its total BTC holdings to 447,470 BTC as of January 5, 2025.
What's next for Bitcoin price?
After prices rose for seven days Bitcoin It reached a high of $102,500 on Monday. The rally reached highs of $102,735 in today's trading session before facing resistance and a pullback.
At the time of writing, Bitcoin has risen slightly by 0.32% over the past 24 hours to reach $100,600.
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According to Ali, a cryptocurrency analyst: “Bitcoin is well above an important support area between $95,400 and $98,400, with 1.77 million addresses purchasing over $1.53 million worth of Bitcoin. However, there is no significant resistance ahead, just... Minimum wall width of 107,000". Bitcoin between $104,700 and $105,770.”
Glassnode founders using "Negentropic" on X Shown “All eyes are on the consolidation area between $101,500 and $102,500. Retesting the psychological level of $100,000 will perhaps decide whether to hold above $90,000 to $100,000 or reconsider the lower range.”
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