MicroStrategy’s co-founder and executive chairman, Michael Saylor, has unveiled a remarkable performance by the company’s Bitcoin treasury operations.
Last week, $MSTR‘s treasury operations delivered a BTC Yield of 3.3%, providing a net benefit of approximately 13,270 BTC to shareholders, or around 1,896 BTC per day. At $98K per BTC, this equates to $1.3 billion for the week, or $186 million per day.
— Michael Saylor⚡️ (@saylor) December 10, 2024
According to Saylor, the firm achieved a BTC yield of 3.3% last week, translating into a staggering net benefit of approximately 13,270 BTC for its shareholders, which is equivalent to 1,896 BTC per day.
At an assumed valuation of $98,000 per BTC, this yield amounts to an impressive $1.3 billion for the week or $186 million per day. The tweet shows MicroStrategy’s innovative approach to maximizing shareholder value through its strategic Bitcoin holdings.
Michael Saylor Suggests Replacing Gold with Bitcoin as a Strategic Reserve
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Today, Michael Saylor has also suggested a bold transformation in the U.S. economic framework by replacing gold with BTC as a reserve asset. In the upcoming episode of the Galaxy Brains podcast, Saylor dismissed gold as a “shiny dead rock” and proposed an ambitious strategy to enhance the United States’ global economic dominance through cryptocurrency.
“If you want to elevate the U.S.’s economic leadership in the world, there are two very simple strategies,” Saylor said. “Dump the gold and buy Bitcoin.”
He suggested that substituting gold with BTC as a strategic reserve asset could enable the U.S. to undermine gold, which is held by competing nations. He highlighted the the cryptocurrency’s significant growth potential.
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Also Read: MicroStrategy Buys Another $2.1B Bitcoin, BTC Price Breaches $100K Again
