PK Press Club – Michael Saylor, founder and executive chairman of business intelligence company MicroStrategy, used his official account on social media platform X (formerly known as Twitter) to address holders from MSTR regarding recently earned weekly earnings. .
MicroStrategy prepared a big Bitcoin yield for holders
The MicroStrategy founder announced that over the past week, the company’s treasury operations brought a weekly Bitcoin gain of 1,440 BTC to MSTR holders. Saylor clarified that this is a 0.32% return on the 447,470 Bitcoins currently held by the company. At Bitcoin’s current price of around $96,000, 1,140 BTC is valued at just over $138 million in total. The company now holds the equivalent of $43,482,712,500.
Earlier this week, MicroStrategy announced another large Bitcoin purchase by acquiring a $243 million BTC reserve. The previous accumulation took place this year on January 5, when the company collected $101 million worth of Bitcoin.
Tom Lee speculates that Bitcoin could drop to $50,000
Bitcoin permabull and chief expert at Fundstrat Tom Lee visited the CNBC studio to discuss Bitcoin’s recent collapse with his regular hosts.
Tom Lee estimates that when BTC crashed from $96,000 to $90,000, it was a normal correction of around 15% after the major digital currency’s recent highs. Lee estimated that Bitcoin could demonstrate an extended correction to $70,000. However, it could drop even further and touch the $50,000 zone. However, if this happens, this is where you will need to push from to begin to straighten out.
Lee noted that this year, Bitcoin is expected to be one of the best performing assets and reach $250,000 by the end of the year.
Bitcoin Cuts Losses, Recovers to $97,000
Today, Bitcoin saw a recovery, rising by approximately 7.21% from $90,600 to $97,140 per coin. There were some bullish factors, including the new US president’s administration’s decision to adopt trade tariffs. As a result, Bitcoin, US Treasuries and S&P 500 futures posted impressive gains.
Additionally, PPI data is expected to be released today with a 3.7% year-on-year increase in December. Another inflation indicator, the CPI, is due to be released tomorrow, also higher than the previous one – 2.9% year-on-year.
