According to Microstrategy’s ‘current report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934,’ Microstrategy has added as much as 2500 BTC to its bitcoin holding as of December 27, 2022, after a number of bitcoin transactions.
The bulk of the additional bitcoins was bought between November 1, 2022, and December 21, 2022, when the company purchased about 2395 bitcoins for about $42.8 million in cash. This translated to about $17,871 per bitcoin.
The company then sold 704 bitcoins for cash on December 22 for about $11.8 million at an average of $16,776 per bitcoin taking into account the expenses and net fees. Microstrategy however plans to carry back capital losses that resulted from this transaction against previous capital gains. The federal income tax laws that are currently in place avail for such carrybacks, which could generate a tax benefit for the company.
Microstrategy then went ahead to purchase an additional 810 bitcoin on December 24, 2022, just before Christmas, for about $13.6 million at an average cost of $16,845 per bitcoin.
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Microstrategy BTC holdings so far
According to the company’s report, the recent transactions mean that Microstrategy together with its subsidiaries added another 2500 bitcoins to its BTC holdings.
As of October 31, 2022, Microstrategy has about 130,000 bitcoins in its custody. Adding the recently purchased bitcoins means that the company’s bitcoin holdings now stand at about 132,500 bitcoins as of December 27, 2022.
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