MicroStrategy has once again increased its Bitcoin reserve with 2,500 new BTCs purchased recently. At the same time, the company made a small sale for tax optimization reasons.
https://cryptoast.fr/microstrategy-profite-faible-prix-bitcoin-optimisation-impots/
MicroStrategy increases its reserve of Bitcoin (BTC) again
Yesterday, Michael Saylor, the founder of MicroStrategy, announced that his company had started accumulating Bitcoin again. by revealing the acquisition of 2,500 new BTC :
MicroStrategy has increased its #Bitcoin Holdings by ~2,500 #BTC. As of 12/27/22 @MicroStrategy holds ~132,500 bitcoin acquired for ~$4.03 billion at an average price of ~$30,397 per bitcoin. $MSTRhttps://t.co/lcMeULcGQk
— Michael Saylor⚡️ (@saylor) December 28, 2022
This is a notable announcement, as the company had not redeemed since the period from August 2 to September 19, during which she had accumulated 301 bitcoins. The company is thus sending a strong signal to the market, as the price of the asset is hovering around $16,550 per unit at the time of writing, or 76% below its last all-time high (ATH) .
Nowadays, MicroStrategy has therefore built up a reserve of approximately 132,500 BTCwhich represents 0.69% of the amount that has already been emitted.
👉 To go further – Find our guide to buying Bitcoin (BTC)
The No. 1 exchange in the world – Regulated in France
10% off your fees with code SVULQ98B 🔥
A first sale of BTC for tax optimization
This new investment statement is also accompanied by the very first sale of MicroStrategy. Indeed, the company sold exactly 704 bitcoins on December 22 for $11.8 million. This operation aims to record a deficit compared to the purchase price, with a view to achieving tax optimization.
At the same time, the company bought back 810 BTC on December 24, and another 2,395 on December 28, giving it to the positive balance of 2501 bitcoins referred to today. Despite the sale, the words of Michael Saylor who claimed not to want to sell anything are thus not called into question.
In total, this Bitcoin stash cost MicroStrategy $4.03 billion, an average unit price of 30,397 dollars. This therefore means that the company suffers an unrealized loss of just over 46%. Nevertheless, after a slowdown in investment in recent months, this renewed interest in the current market price can be seen as reassuring for the long term.
👉 Also in the news – Price of Bitcoin (BTC) mining machines down 80%
👉 Listen to this article and all other crypto news on Spotify
Progress in the world of cryptocurrencies with Cryptoast experts 📘
Source: MicroStrategy
Newsletter 🍞
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
423 items
