Software analytics agency MicroStrategy stated it acquired 2,395 bitcoins (BTC) at a mean value of $17,181 for a complete of $42.8 million over the interval Nov. 1 to Dec. 21, in response to a brand new submitting with the U.S. Securities and Alternate Commission As a part of the event, on Dec. 22, the corporate bought 704 BTC at $16,776 per coin for a complete of $11.8 million. On December 24, MicroStrategy acquired roughly 810 BTC for $13.6 million in money at a mean value of $16,845 per coin.

In a Bloomberg interview printed earlier this 12 months, CEO and blockchain persona Michael Saylor advised reporters, “We solely purchase and maintain bitcoin, proper? That is our technique. We’re not sellers.” Right this moment’s submitting marks the corporate’s first publicly reported BTC sale in current reminiscence. MicroStrategy wrote:

“MicroStrategy plans to hold again the capital losses ensuing from this transaction in opposition to prior capital features to the extent such carryback is obtainable underneath present federal revenue tax legal guidelines, which can end in tax advantages.”

After the above transactions, MicroStrategy now holds 132,500 BTC with a mean buy value of $30,397 and a complete guide value of $4.03 billion. Nonetheless, her market value has dropped to $2.20 billion on the time of publication.

MicroStrategy beforehand introduced on September 9 that the corporate might difficulty or sell as much as $500 million of frequent inventory. Between October 1 and December 27, the corporate bought 218,575 models for whole web proceeds of $46.4 million. Michael Saylor, the corporate’s CEO, is at the moment concerned in a lawsuit filed by the DC Lawyer Common alleging tax evasion.

MicroStrategy has elevated its #Bitcoin holdings by ~2,500 #BTC. As of 12/27/22 @MicroStrategy holds ~132,500 bitcoins acquired for ~$4.03 billion at a mean value of ~$30,397 per bitcoin. $MSTRhttps://t.co/lcMeULcGQk

— Michael Saylor⚡️ (@saylor) December 28, 2022