MicroStrategy Boss Michael Saylor Brings "$299 Million Bitcoin Gift" to MSTR Holders

MicroStrategy boss Michael Saylor has published a regular daily tweet to endorse the world's flagship cryptocurrency Bitcoin

MicroStrategy Incorporated (Nasdaq: MSTR) CEO Michael Saylor never fails to endorse Bitcoin in his regular daily tweets, especially now that his company has made a large bet on the world’s flagship cryptocurrency, investing billions of U.S. dollars of raised funds this year.

As the Bitcoin price rallied 4.56% during the last 24 hours, which many believe to be a “Santa Claus rally” as financial markets begin to rally before Christmas, Saylor tweeted a photo of himself as Santa holding a box with a present that has a Bitcoin logo on it, stating, “There is no second-best Christmas gift.” BTC surged from $94,190 to the $99,500 zone but is currently changing hands at $98,620 per coin.

There is no second-best Christmas gift. pic.twitter.com/M5IP9PRyNt

The “there is no second-best” phrase is often applied to Bitcoin by BTC maximalists as they highlight Bitcoin’s superiority over not only the rest of the crypto market but over the rest of the assets on traditional markets as well.

Saylor brings "$299 million Bitcoin gift" to MSTR holders

A day earlier, Michael Saylor took to his X account to announce that last week, MicroStrategy’s treasury operations brought an overall Bitcoin yield of 0.72%, which is a net benefit of approximately 3,177 BTC. At a Bitcoin price on Tuesday of $94,000, Saylor referred to that yield as a “$299 million gift” to MicroStrategy shareholders.

This week, the company announced yet another massive Bitcoin purchase made using its cash reserves and funds raised thanks to shareholders. MicroStrategy bought a $561 million Bitcoin chunk, therefore, as of now, the business intelligence firm holds a total of 444,262 Bitcoin worth roughly $27.7 billion.

Roughly a month ago, Michael Saylor announced that he intends to throw a “Bitcoin $100k” party at his house on New Year's Eve. Back then, Bitcoin was still trading slightly above $90,000, but he intends to have that party anyway. There is roughly one week to go before that day arrives.