The post MicroStrategy’s Bitcoin Bet Pays Off Big: $14 Billion in 2024! appeared first on Coinpedia Fintech News
In a recent tweet post, Michael Saylor, the chairperson of MicroStrategy, shared the company’s impressive Bitcoin gains in 2024. MicroStrategy acquired 258,320 BTC for $22.07 billion at an average price of $85,450 per Bitcoin. Starting the year with 189,150 BTC, the company gained an additional 140,630 BTC — that’s 385 BTC daily! With Bitcoin potentially reaching $100,000 each, this move could create $14.06 billion in shareholder value for the year, translating to $38.5 million per day! Saylor’s strategy continues to prove the power of Bitcoin for long-term growth.