According to MicroStrategy’s official statement today, the company has sold bitcoin for the first time since it started buying bitcoin (BTC).
Michael Saylor, the founder of MicroStrategy, announced today that they have bought 2,500 more bitcoins as a company, and they now have a total of 132,500 bitcoins on their balance sheet.
However, MicroStrategy’s official notice to the SEC today is that the company also sold 704 bitcoins, worth a total of $11.8 million is showing.
The company bought these bitcoins even though he sold it at a lossThere is a reason behind this sale. According to the statement made by MicroStrategy, the company federal income tax laws taking into account, in the past from bitcoin “his earnings” He made this sale to balance it out.
So much so that just two days after the company sold these bitcoins 810 more bitcoins he bought. MicroStrategy will be held between November 1 and December 24 in total. 2,395 bitcoins had bought.
MicroStrategy, which has a total of 132,500 bitcoins in its balance sheet, at an average unit price of $30,397 he bought. The company first started investing in bitcoin in August 2020.