Michael Saylor, founder and former CEO of software firm MicroStrategy, continues to demonstrate a bullish outlook bitcoin (btc) With its latest investment of around $42.8 million in the top crypto.
recently Admission With the Securities and Exchange Commission (SEC), the business disclosed purchases of approximately 2,395 bitcoins made with cash, at an average price of approximately $17,871 per bitcoin including fees and expenses.
As indicated by the filing, the firm has sold some of its crypto assets in the past week with the aim of optimizing its taxes.
“On December 22, 2022, MacroStrategy sold approximately 704 bitcoins for cash proceeds of approximately $11.8 million, at an average price of approximately $16,776 per bitcoin, excluding fees and expenses. MicroStrategy plans to carry back capital losses resulting from this transaction against past capital gains, such carrybacks are available under currently effective federal income tax laws, which may generate tax benefits,” the statement said. Is.
According to the firm, “On December 24, 2022, MacroStrategy acquired approximately 810 bitcoins for approximately $13.6 million in cash, at an average price of approximately $16,845 per bitcoin, including fees and expenses.”
MicroStrategy said that, following the aforementioned transaction, the business, together with its branches, increased its bitcoin holdings from approximately 130,000 bitcoin as of October 31, 2022 to approximately 132,500 bitcoin as of December 27, 2022, to 2,500 bitcoin.
“As of December 27, 2022, approximately 132,500 bitcoins held by MicroStrategy and its subsidiaries were acquired for an aggregate purchase price of approximately $4.03 billion and an average purchase price of approximately $30,397 per bitcoin,” according to the filing.
Over the years, the MicroStrategy founder has established himself as a bitcoin bull, leveraging his platform to promote crypto and encourage fellow entrepreneurs to invest in crypto. last october, businessman Said that BTC is the only money that “has the ability to align all interests to allow for peaceful engagement, rational action, and a focus on productive industry.”
14 in December TweetSaylor spoke in favor of bitcoin’s design, declaring cryptos better than tokens based on proof-of-stake protocols Ethereum (ETH),
Top Crypto is “engineered to be stable, robust and increasingly secure and efficient over time based on proof of work and ASIC technology advances. Proof of Stake protocols are inherently volatile, inefficient, opaque and at risk due to their fragile design is full,” he said.
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