According to one new presentation With the US Securities and Exchange Commission, software analytics firm MicroStrategy said it acquired 2,395 Bitcoins (BTC) at an average price of $17,181 for a total of $42.8 million during the Nov. 1 period. to December 21. Subsequent to the development, the company sold 704 BTC at $16,776 per coin for a total of $11.8 million on December 22. On December 24, MicroStrategy purchased approximately 810 BTC for $13.6 million in cash, at an average price of $16,845 per coin.
In a Bloomberg interview published Earlier this year, blockchain personality and CEO Michael Saylor told reporters: "We're just buying and holding Bitcoin, right? That's our strategy. We're not sellers." Today's filing represents the first publicly reported BTC sale by the firm in recent memory. Endorsing the decision, MicroStrategy wrote:
"MicroStrategy plans to roll over capital losses resulting from this transaction against prior capital gains, to the extent such roll-overs are available under federal income tax laws currently in effect, which may result in a tax benefit."
After the aforementioned transactions, MicroStrategy now owns 132,500 BTC with an average purchase price of $30,397 and a total book value of $4.03 billion. However, its market value has shrunk to $2.2 billion at press time.
MicroStrategy previously disclosed on September 9 that the company can issue or sell up to $500 million worth of common shares. Between October 1 and December 27, the company sold 218,575 units for a total net profit of $46.4 million. Michael Saylor, the company's CEO, is currently embroiled in a lawsuit filed by the DC Attorney General over allegations of tax evasion.
MicroStrategy has increased its #Bitcoin Entries for ~2,500 #BTC. As of 12/27/22 @MicroStrategy owns ~132,500 bitcoins purchased for ~$4.03 billion at an average price of ~$30,397 per bitcoin. $MSTRhttps://t.co/lcMeULcGQk
โMichael Saylorโก๏ธ (@saylor) December 28, 2022
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