Michael Saylor of MicroStrategy purchased record-breaking amount of Bitcoin, yielding large returns.

From Investing.com

January 7, 2025 3:00:19 pm:

MicroStrategy, led by Michael Saylor, acquired a record-breaking 258,320 BTC in 2024 for $22.07 billion, yielding a remarkable 74.3% BTC return. This resulted in a shareholder value creation of $14.06 billion at the current $100,000 per BTC price. Saylor credits their success to a Bitcoin-focused corporate strategy.

Recently, MicroStrategy added 1,070 BTC to its holdings, totaling 447,470 BTC as of Jan. 5, 2025. The company purchased the BTC for nearly $101 million, or around $94,004 per Bitcoin. This move further solidifies MicroStrategy’s position as a major holder of the digital asset.

Bitcoin hit a high of $102,500 on Monday after a seven-day price surge. Currently, BTC is trading at $100,600, up 0.32% in the last 24 hours. Analysts suggest that Bitcoin is well supported between $95,400 and $98,400, with minimal resistance levels ahead.

Glassnode founders anticipate a consolidation zone between $101,500 and $102,500 for Bitcoin. A retest of the $100,000 level will determine if BTC can hold above $90,000 to $100,000 or revisit lower levels. Analysts are closely monitoring these key price points for potential market direction.

Read more at Investing.com: Michael Saylor Highlights Massive 258,320 BTC Milestone: Details By U.Today