MicroStrategy sold 704 bitcoins for about 11.8$ million for “tax reasons” after buying about 2,395 bitcoins for 42.8$ million, according to company documents. The company previously bought at an average price of 17,871$. Then he made a sale that cost the company an average of 16,776$. The company made a loss to pay less tax. Following these transactions, MicroStrategy made a purchase that would result in a loss of 13.6$ million for 810 bitcoins at an average price of 16,845$.
Owns $4 billion in Bitcoin.
The company owns approximately 132,500 bitcoins, purchased at an average price of 30,397$ and has a total value of more than 4$ billion. Michael Seiler, who stepped down as CEO in August and oversees MicroStrategy’s Bitcoin strategy, continues as chairman of the company’s board of directors.