MicroStrategy Adds 2,500 Bitcoin To Holdings Despite Tax-Loss Harvesting
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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
Michael Saylor, the executive chairman of MicroStrategy, in a Twitter Space on Dec. 28, revealed that the enterprise intelligence company intends to introduce software and solutions powered by the Bitcoin Lightning Network in 2023. The ex-CEO confirmed that they are currently investigating ideal technology solutions using the Lightning Network to “assist” enterprise…