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Michael Saylor Says He’ll Keep His Bitcoin Promise As BTC Breaks $100,000

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Thu, 5/12/2024 - 15:12
Michael Saylor Says He’ll Keep His Bitcoin Promise As BTC Breaks $100,000
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Michael Saylor, co-founder and executive chairman at MicroStrategy firm that produces business intelligence software, has taken to his account on the X social media platform (well-known as Twitter in the past) to talk about Bitcoin in a regular BTC post he issues on a daily basis.

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Saylor's celebratory Bitcoin message

This time, Saylor’s tweet was related to the new historic peak scored by the world’s flagship cryptocurrency Bitcoin earlier today. Saylor tweeted: “Keep Your Promises #Bitcoin.” The AI-generated image features the Bitcoin evangelist holding a bottle of champaign, wearing a celebratory BTC hat with “100k” behind him in the background in orange, which considered to be the “Bitcoin colour.”

A couple of weeks before, Saylor announced that he was preparing to give a “Bitcoin $100,000” party at the end of December in his house. The community thought that basically even if by that time BTC would be trading just a little under the expected target, that would not prevent Saylor from partying. Earlier today, the MicroStrategy founder confirmed that the party would definitely take place now that the $100,000 price level has been taken. He tweeted: “There is going to be a 100K Party.”

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Saylor shares MicroStrategy's BTC yield YTD

Today, Michael Saylor also shared the year-to-date BTC yield brought by MicroStrategy to shareholders. Per his X post, the company’s treasury operations delivered a BTC yield of 63.3%, which is equal to a net benefit of approximately 119,800 Bitcoin.

At the current rough $103,000 price per one BTC, this equates to $12.3 billion for this year. This makes MicroStrategy “the most profitable, fastest growing company on the #Bitcoin Standard.”

Saylor also highlighted the recent report of Semler Scientific, a company that is following MicroStrategy’s playbook and the Bitcoin Standard. The MSTR boss shared their tweet which stated that after acquiring 303 BTC for roughly $29 million at $96,779 per one Bitcoin, the company has delivered a yield of 54.7% quarter-to-date since the company adopted this strategy in May this year.

As of 4 December, Semler Scientific holds 1,873 BTC it had accumulated for approximately $147.1 million at $78,553 per BTC.

As for MicroStrategy, it currently holds a massive stash of 402,100 Bitcoin worth roughly $38.4 billion.

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