MicroStrategy has added to its bitcoin stockpile, but also sold off a small amount of its holdings as it looks to take advantage of a possible tax benefit. $MSTR Reporting by oknightcrypto
On Dec. 22, the company then sold approximately 704 bitcoin for $11.8 million on the premise that the loss will offset previous capital gains.
Following that, on Dec. 24, the company acquired an additional 810 bitcoin for approximately $13.6 million, bringing its total holdings up to 135,000 bitcoin . The DEC. 22 sale marks the first time MicroStrategy has sold bitcoin since it began acquiring the cryptocurrency in 2020. Summing it all up, the company added about 2,501 bitcoin to its holdings, spending a net $44.6 million.
MSTR shares are up marginally in premarket action. The price of bitcoin remains little-changed at just shy of $16,700.
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