On Thanksgiving Day, Michael Saylor, cofounder and chairman of MicroStrategy, shared a tweet that resonated deeply within the cryptocurrency community. In a simple post, Saylor wrote, “Thank you Satoshi,” offering a heartfelt acknowledgment to Bitcoin’s pseudonymous creator, Satoshi Nakamoto. The message came at a time when Bitcoin’s price approached the $100,000 mark, reaching a record high of $99,849 last Friday.
Satoshi Nakamoto introduced the world to Bitcoin, a decentralized digital currency, in 2008. Since the release of the Bitcoin whitepaper, Satoshi’s vision has driven innovations in blockchain technology and decentralized finance, inspiring many within the crypto community.
Saylor’s message was widely embraced by Bitcoin supporters, with many echoing their own gratitude for Nakamoto’s pioneering work.
MicroStrategy’s Bitcoin Bet Pays Off
MicroStrategy, under Saylor’s leadership, has seen remarkable growth, with its shares soaring more than 500% this year. The company has become a major player in the Bitcoin space, turning its focus to accumulating Bitcoin as a strategic asset. Recently, the firm made a record purchase of $5.4 billion worth of Bitcoin, acquiring 55,500 coins between Nov. 18 and Nov. 24, at an average price of around $97,862 per Bitcoin.
As of Nov. 24, 2024, MicroStrategy owns 386,700 BTC, valued at $21.9 billion, or about $56,761 per Bitcoin, making it the largest publicly traded corporate holder of Bitcoin.
Bitcoin saw a brief surge above $97,000 as the Thanksgiving holiday approached, before dipping slightly. As of the latest update, BTC was up 1.23% in the past 24 hours, trading at $95,687.