Microstrategy After acquiring a fresh batch of coins, the corporation now holds a sum of 132,500 Bitcoins. This The world’s most popular cryptocurrency has been crowned the winner of the Bitcoin Awards this year. “the institutional-grade digital asset,” according to Microstrategy Founder Michael Saylor.
Microstrategy Ups Its Bitcoin Holdings
Microstrategy Inc., a company listed on Nasdaq, reported Wednesday that it has purchased more bitcoins to finance its corporate treasury. Michael SaylorOn Twitter, founder and chief executive of the firm,, said Wednesday:
Microstrategy The company has added 2500 BTC to its bitcoin holdings. As 12.27.22 Microstrategy owns 132,500 Bitcoins acquired for $4.03 Billion at an average price $30 397 per bitcoin.
In the document submitted to the US Securities and Exchange Commission (SEC), Microstrategy It was clarified that the 2,500 coins were purchased between November 1 December 24 by its wholly owned subsidiary Macrostrategy.
The The average price for a coin was $17,871 between the two transactions. November 1 December 21. He On that date, 704 BTC were sold at $16,776 per coin. December 22. Macrostrategy Then bought approximately 810 BTC for $16,845 each coin Dec. 22. Dec. 24. At Bitcoin is currently trading at $16,656.80 at the time of the writing of this article.
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 is the SEC’s filing.
Saylor In an interview last week, he stated:
The greatest achievement 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 That commodity is it.
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 Is it possible to invest in Bitcoin? “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 are your thoughts? Microstrategy Its bitcoin holdings have been increased to 132,500 BTC Let Please let us know your opinion in the comments section.
