MicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B
The company also booked a loss of $34 million on its first-ever Bitcoin sale last quarter but said it was conducted to harvest a tax loss. Go to Source Powered by WPeMatico
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Tax attorney breaks down the MicroStrategy Bitcoin sale
MicroStrategy’s recent sale of a portion of its Bitcoin treasury holdings puts cryptocurrency tax-loss harvesting into the spotlight. Go to Source Powered by WPeMatico
Crypto Biz: Did Michael Saylor buy the Bitcoin bottom for once?
MicroStrategy scooped up BTC at an average price of just under $17,200. Meanwhile, Binance’s CZ explains why there’s so much FUD surrounding his exchange. Go to Source Powered by WPeMatico
Microstrategy Bitcoin purchase divides the crypto community
Many praised the move, while others brought up some potential negative effects of one entity holding a lot of Bitcoin. Go to Source Powered by WPeMatico
Microstrategy Buys More Bitcoin — Company’s Crypto Holdings Grow to 132,500 BTC
Microstrategy is now holding approximately 132,500 bitcoin following its most recent purchases. This year, the world’s largest cryptocurrency has emerged as “the institutional-grade digital asset,” said Microstrategy founder Michael Saylor. Microstrategy Acquires More Bitcoin Nasdaq-listed Microstrategy Inc. announced Wednesday that it has purchased more bitcoin for its corporate treasury. Michael Saylor, the company’s founder and … Read more
MicroStrategy adds to Bitcoin stake despite steep loss
The firm’s Bitcoin holdings have declined 45% from their average purchase price of $30,397. Go to Source Powered by WPeMatico
First time Bear market? Advice from Bitcoin Bull Michael Saylor
Homeowners don’t check the price of their homes while drunk at a party, so why check the price of Bitcoin in that way, Michael Saylor joked. Go to Source Powered by WPeMatico
Litecoin hits fresh 2022 high versus Bitcoin — But will LTC price ‘halve’ before the halving?
Litecoin diverged from the broader crypto market downtrend in the months leading up to its halving in August 2023. Go to Source Powered by WPeMatico
Bitcoin slips under $17K, crypto stocks tumble in reaction to FTX bankruptcy
Bitcoin, altcoins and crypto-linked stocks correct sharply after FTX officially files for bankruptcy with BTC price slipping below its June lows again. Go to Source Powered by WPeMatico
Marathon is now the 2nd-largest listed holder of Bitcoin, says CEO
The United States-listed Bitcoin miner has produced at least 1,231 Bitcoin since the start of July and has sold none of it to date. Go to Source Powered by WPeMatico
