MicroStrategy Sells Portion of Bitcoin Holdings for the First Time

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MicroStrategy Sells Portion of Bitcoin Holdings for the First Time
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The company also acquired an additional $42.8 million worth of Bitcoin

This brings their grand total to approximately 132,500 coins held at a combined purchase price of nearly $4 billion and an average cost per coin of around $30,000.

Notably, the company also sold 704 bitcoins for approximately $11.8 million at a loss on Dec. 22 in order to get a tax benefit. This marks the company's first sale of Bitcoin. This came after former CEO Micahel Saylor said that MicroStrategy would never sell its stashMicroStrategy first began investing in Bitcoin in August 2020.

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