Michael Saylor Celebrates Bitcoin's Milestone As MicroStrategy Reports Record Profits
According to U.Today, Michael Saylor, co-founder and executive chairman of MicroStrategy, took to social media platform X, formerly known as Twitter, to celebrate Bitcoin reaching a new historic peak. Saylor's post featured an AI-generated image of himself holding a bottle of champagne, wearing a Bitcoin-themed hat, with the number "100k" in the background, symbolizing Bitcoin's latest price milestone. Saylor's message, "Keep Your Promises #Bitcoin," reflects his long-standing advocacy for the cryptocurrency.
A few weeks prior, Saylor had announced plans to host a "Bitcoin $100,000" party at his home in December, regardless of whether Bitcoin reached the exact target. With Bitcoin surpassing the $100,000 mark, Saylor confirmed that the celebration would indeed take place. His enthusiasm for Bitcoin is well-known, and this milestone further solidifies his commitment to the cryptocurrency.
In addition to celebrating Bitcoin's price achievement, Saylor shared MicroStrategy's impressive year-to-date Bitcoin yield. According to his post, the company's treasury operations have delivered a 63.3% yield, translating to a net benefit of approximately 119,800 Bitcoin. At the current price of around $103,000 per Bitcoin, this equates to $12.3 billion for the year, positioning MicroStrategy as a highly profitable and rapidly growing company on the Bitcoin Standard.
Saylor also highlighted the success of Semler Scientific, a company following MicroStrategy's Bitcoin strategy. Semler Scientific reported acquiring 303 Bitcoin for roughly $29 million at an average price of $96,779 per Bitcoin, achieving a 54.7% yield quarter-to-date since adopting this strategy in May. As of December 4, Semler Scientific holds 1,873 Bitcoin, accumulated for approximately $147.1 million at an average price of $78,553 per Bitcoin.
MicroStrategy itself holds a substantial amount of Bitcoin, with a total of 402,100 Bitcoin valued at approximately $38.4 billion. This significant holding underscores the company's commitment to the Bitcoin Standard and its belief in the long-term potential of the cryptocurrency. Saylor's public celebration and the financial success of MicroStrategy and Semler Scientific highlight the growing influence and profitability of Bitcoin in the corporate world.