Microstrategy is currently about Holding 132,500 bitcoin purchase. This year, the world’s largest cryptocurrency has emerged as an “institutional-level digital asset,” says Microstrategy founder Michael Saylor.
Microstrategy Gets More Bitcoin
Nasdaq-listed Microstrategy Inc. said Wednesday it has bought more bitcoin for its finances. Announced. The company’s founder and executive chairman, Michael Thaler, tweeted on Wednesday:
Microstrategy increased its Bitcoin holdings by up to 2,500 BTC. As of December 27, 2022, Microstrategy holds 132,500 Bitcoins acquired for $4.03 billion with an average price per Bitcoin of $30,397.
In a filing with the U.S. Securities and Exchange Commission (SEC), Microstrategy stated that between November 1 and December 24, he had sold 2,500 Revealed that the coin was acquired by a wholly owned subsidiary. macro strategy. The
subsidiary purchased approximately 2,395 BTC between November 1st and December 21st at an average of $17,871 per coin. After that, I sold about 704 BTC at $16,776 per coin. Macro Strategy then bought another BTC for around 810 at $16,845 per coin on December 24th. At the time of writing, Bitcoin is trading at $16,656.80.
The December Bitcoin sale was Microstrategy’s first Bitcoin sale since it began accumulating cryptocurrencies for corporate finance in 2020. The company cited tax reasons for sellingBTC. “MicroStrategy plans to carry back capital losses resulting from this transaction against prior capital gains to the extent that such carrybacks are available under federal income tax law currently in force and is subject to the tax system. It could generate upside returns,” the SEC filing explains.
Sailor said in an interview on last week:
The most positive thing about this year is that Bitcoin will become an institution-level digital It has emerged as an asset and its transparency. That is… there is one crypto asset that is a digital commodity… Bitcoin is that commodity.
The executive said both the SEC chairman and the Commodity Futures Trading Commission (CFTC) chairman confirmed that Bitcoin is a commodity.
Sailor previously explained that Microstrategy is investing in BTC for the “long term.” He added: So we are very patient. We believe it’s the future of money.
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