MicroStrategy sold 704 BTC for about $11.8 million on December 22, the company wrote today in a filing with the United States Securities and Exchange Commission (SEC)—a move that may benefit the company in terms of tax liabilities, given how much value BTC has lost since MicroStrategy first began acquiring the cryptocurrency in 2020.
However, the firm then turned around and purchased 810 BTC for about $13.6 million on December 24. Paired with another 2,395 BTC that the company said it purchased between November 1 and December 21 for a total of $42.8 million, MicroStrategy has now added about 2,500 BTC to its overall tally since the start of last month.
That puts the company’s total Bitcoin holdings at approximately 132,500 BTC, currently valued at just over $2.2 billion based on the current Bitcoin price of about $16,735, per CoinGecko.
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