MicroStrategy did buy 8,813 BTC in 2022… but they also sold 704 BTC on Dec 22 at ~$16,776 per coin. Why? A tax-loss harvesting move to offset capital gains, as disclosed in their 8-K filing. Interesting stuff, right? 🍿👀
Strategy
Strategy16 hours ago
In the depths of the 2022 crypto winter, our average cost basis was $30K while $BTC traded nearly 50% below it at $16K. What did we do? We bought more.
Filing 👇
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