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In a new filing with the U.S. 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. dollars during the period from November 1 to December 21. Subsequently, the company sold 704 BTC at $16,776 per coin for a total of $11.8 million on December 22. On December 24, MicroStrategy acquired 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, Michael Saylor, CEO of MicroStrategy and blockchain personality, told reporters: We only acquire and hold Bitcoin, right? This is our strategy. We are not sellers. The December 28 filing represents the first BTC sale made public by the company in recent memory. In support of the decision, MicroStrategy wrote:
MicroStrategy expects to carry forward capital losses resulting from this transaction against prior capital gains, to the extent such carryovers are available under current federal income tax laws, which may result in a tax benefit. .
After the aforementioned transactions, MicroStrategy now holds 132,500 BTC, with an average purchase price of $30,397 and a total book value of $4.03 billion. However, the market value had dropped to $2.2 billion at press time.
MicroStrategy previously disclosed on Sept. 9 that the company may issue or sell up to $500 million in common stock. Between October 1 and December 27, the company sold 218,575 units for total net proceeds of $46.4 million. Saylor is currently involved in a lawsuit filed by the Attorney General of Washington, DC over allegations of tax evasion.
MicroStrategy has increased its #Bitcoin Holdings by around 2,500 #BTC. As of 12/27/22 @MicroStrategy holds approximately 132,500 bitcoins acquired for approximately $4.03 billion at an average price of approximately $30,397 per bitcoin. $MSTRhttps://t.co/lcMeULcGQk
Michael Saylor (@saylor) December 28, 2022
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