MicroStrategy Bought 1,045 More Bitcoins, Now Holds 140,000 BTC
MicroStrategy's total bitcoin holdings are now worth more than $4 billion.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
MicroStrategy's Bitcoin investment has turned profitable after Bitcoin surged past $30,000.
MicroStrategy's total bitcoin holdings are now worth more than $4 billion.
Against naysayers, Saylor's macro-micro Bitcoin strategy is paying off.
MicroStrategy bought 6,455 BTC for $150M according to its SEC filing.
Bitcoin rose more than 40% since the impairment was logged, while MicroStrategy’s shares went 101% into the green.
IRS policy known as the wash rule does not apply to crypto, allowing investors to reduce their tax obligations.
Microstrategy acquired 2,395 bitcoins for $42.8M between November 1st and December 21st.
MicroStrategy shares dropped significantly after Bitcoin tumbled to below $16,000.
A recent SEC filing reveals Microstrategy bought 301 Bitcoins between 2nd August to 20th September.
Microstrategy aims to sell as much as $500 million in stock, with the proceeds probably used for the acquisition of more bitcoin.
MicroStrategy is also facing a lawsuit for allegedly assisting Saylor’s tax evasion.
Chris Bloomstran believes MicroStrategy stock is trading on 2.9x NAV, suggesting that buying MSTR today is like buying bitcoin at $41,000.
MicroStrategy co-founder Michael Saylor tweeted he intends to focus more on Bitcoin, right after stepping down as the company's CEO.