InvestAnswers

MSTR & Tax Loss Harvesting - Net Gain (Patreon)

Published:

2022-12-28 18:54:35

Imported:

2023-01

Content

Hi Team

lots of Q's and fear re Saylor selling Bitcoin. Granted it is the first time he ever did but it was a tax strategy to HODL more.

This is a simple summary of the transaction.

Details in the article above:

MicroStrategy has increased its Bitcoin Holdings by ~2,500 #BTC. As of 12/27/22 they hold ~132,500 bitcoin acquired for ~$4.03 billion at an average price of ~$30,397 per bitcoin.

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MicroStrategy Adds 2,500 Bitcoin To Holdings Despite Tax-Loss Harvesting

Michael Saylor's MicroStrategy bought 2,395 BTC for $42.8 million in cash between Nov. 1 and Dec. 21, 2022. It then sold 704 BTC at a loss on Dec. 22 to offset previous capital gains. MicroStrategy then bought 810 BTC on Dec. 24.