MicroStrategy Adds 2,500 Bitcoin To Holdings Despite Tax-Loss Harvesting

Michael Saylor’s MicroStrategy bought 2,395 BTC for $42.8 million in cash between Nov. 1 and Dec. 21, 2022. It then sold 704 BTC at a loss on Dec. 22 to offset previous capital gains. MicroStrategy then bought 810 BTC on Dec. 24. Software analytics company MicroStrategy has sold bitcoin for the first time since it first began adding the digital currency to its treasury in 2020. The sale took place on December 22, 2022, according to a filing with the U.S. Securities and Exchange Commission (SEC). The move was carried out in order to generate a net tax benefit, as