Yahoo Finance crypto reporter David Hollerith outlines MicroStrategy's tax incentives for recent bitcoin transactions, while also commenting on Solana's ties to collapsed crypto exchange FTX.

MicroStrategy (MSTR) Makes its 1st Bitcoin Sale Via Subsidiary

02:03pm, Thursday, 29'th Dec 2022 Zacks Investment Research
MicroStrategy (MSTR) books loss as it makes its first Bitcoin sale since the company started buying the digital currency in 2020.
Yahoo Finance's David Hollerith discusses the latest news in crypto that Microstrategy has sold bitcoin for the first time, stating it was for tax-loss harvesting purposes.
MicroStrategy (MSTR) books loss as it makes its first Bitcoin sale since the company started buying the digital currency in 2020.
In a recent announcement, Microstrategy stated that it bought 2,395 BTC between November 1, 2022, and December 21, 2022.
MicroStrategy has cited tax benefits as the reason for its recent buying and selling of bitcoin. The firm — which develops enterprise software but is also the largest corporate buyer of bitcoin —
MicroStrategy Inc. has spent more than $55 million to purchase roughly 2,500 bitcoins over the past two months, the company revealed in a Wednesday filing where it also disclosed selling some of its b
"Never. No. We're not sellers," Saylor said in January. "We're only acquiring and holding bitcoin, right? That's our strategy."
MicroStrategy (NASDAQ: MSTR), the world's leading enterprise analytics firm and the public company with the largest holdings of Bitcoin (BTC/USD), is not done buying the cryptocurrency.
MicroStrategy Inc. MSTR, +2.22% has spent more than $55 million to purchase roughly 2,500 bitcoins over the past two months, the company revealed in a Wednesday filing where it also disclosed selling
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