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

[Google News Bot]

The tech company led by Michael Saylor has increased its bitcoin holdings by 2,500 BTC despite selling bitcoin for the first time to generate a tax benefit.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 ...

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