MicroStrategy's Michael Saylor gives $299 million in Bitcoin to shareholders, increasing value

From Investing.com

December 24, 2024 1:30:23 pm:

MicroStrategy founder Michael Saylor announced a $299 million “Bitcoin gift” to the company’s shareholders last week, with a net benefit of approximately 3,177 BTC. The company’s strategic Bitcoin accumulation and yield-generation strategies have increased shareholder value, positioning it as a leader among publicly traded companies embracing Bitcoin.

In addition to the recent Bitcoin gift, MicroStrategy made another massive Bitcoin purchase of $561 million on Monday, acquiring a total of 444,262 BTC valued at roughly $27.7 billion. Saylor defended the company’s Bitcoin accumulation strategy, emphasizing the importance of not missing out on opportunities in the market.

Read more at Investing.com: Michael Saylor Announces $299 Million ‘Bitcoin Gift’ to MSTR Holders By U.Today