Microstrategy After extending its crypto portfolio with the most recent purchases, the firm now owns approximately 132,500 Bitcoins. This The world’s biggest digital currency was crowned the victor of this year’s Bitcoin Awards. “the institutional-grade digital asset,” Microstrategy Founding founder Michael Saylor.
Microstrategy Buys More Bitcoin
Nasdaq-listed Microstrategy Inc. Announced Wednesday It has acquired additional bitcoins for its corporate Treasury. Michael SaylorOn Twitter, founder and CEO of the company,, Wednesday:
Microstrategy It has elevated its bitcoin holdings with 2500 BTC. As 12/27/22 Microstrategy Owns approximately 132,500 bitcoins, which were purchased at a price of $40.33 billion. This is an average bitcoin price of $30.397.
In It was filed with the US Securities Exchange Commission (SEC), Microstrategy It was clarified that the 2,500 dollars were purchased between November 1 December 24 by its wholly controlled subsidiary Macrostrategy.
The The average price for a coin was $17,871 between the two companies. November 1 December 21. He Then, around 704 BTC were sold at $16,776 per coin. December 22. Macrostrategy Then acquired approximately 810 BTC for $16,845 each coin Dec. 22. Dec. 24. At At the time this article was written, bitcoin was trading at $16,656.80.
The bitcoin sale in December This was the first time it has been done. Microstrategy It had already sold its bitcoins since 2020, when it started accumulating cryptocurrency to support its corporate treasury. The Company cited tax reasons to sell BTC. “Microstrategy plans to carry forward capital losses resulting from this transaction to prior capital gains, to the extent such transfers are available under federal income tax laws currently in effect, which may result in a tax benefit,” This describes the filing of the SEC.
Saylor Last week, she said this in an interview:
The biggest positive of the year is the emergence of bitcoin as the institutional grade digital asset and the clarity that… there is a crypto asset that is a digital commodity… Bitcoin This is the commodity.
The Executive noted that the chairman and chairman of both the SEC and chairman of the Commodity Futures Trading Commission (CFTC) has confirmed that Bitcoin is a commodity.
Saylor As we have previously explained, Microstrategy BTC investing is possible “for the long term.” He added: “Our strategy is to buy bitcoin and hold bitcoin, so there is no price target… I expect bitcoin to reach millions. So, we are very patient. We believe it is the future of money.”
What What do you think? Microstrategy Its bitcoin holdings have been increased to 132,500 BTC Let Let us know what you think in the comments section.
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