CandleFocus Michael Saylor Reacts to Bitcoin Xmas Rally: 'There Is No Second-Best Christmas Gift'
2024-12-25
Author: Content Editor
MicroStrategy CEO Michael Saylor continues to show his support for Bitcoin, tweeting that there is no better Christmas gift. The tweet comes as Bitcoin experiences a 4.56% rally, with many attributing it to the "Santa Claus rally" phenomenon. Saylor also announced that MicroStrategy's treasury operations yielded around 3,177 BTC, amounting to a $299 million benefit for shareholders. Additionally, the company purchased $561 million worth of Bitcoin, bringing its total holdings to 444,262 BTC worth approximately $27.7 billion. Saylor previously announced plans to host a "Bitcoin $100k" party on New Year's Eve, despite Bitcoin's current trading price of around $98,620.
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