MicroStrategy Increases Bitcoin Holdings to 132,500 BTC

Microstrategy has announced that it has acquired an additional 2,500 bitcoins, bringing the total number of bitcoins held by the company to approximately 132,500. Microstrategy founder and executive chairman Michael Saylor tweeted that bitcoin has emerged as “the institutional-grade digital asset.”

According to a filing with the U.S. Securities and Exchange Commission (SEC), Microstrategy’s wholly owned subsidiary Macrostrategy purchased the bitcoins between Nov. 1 and Dec. 24. The subsidiary bought 2,395 BTC at an average price of $17,871 per coin between Nov. 1 and Dec. 21, sold about 704 BTC at $16,776 per coin on Dec. 22, and then purchased 810 more BTC at $16,845 per coin on Dec. 24.

This sale in December marked the first time Microstrategy sold its bitcoin since it began accumulating the crypto for its corporate treasury in 2020. The company cited tax reasons for selling BTC and said it plans to carry back the capital losses resulting from this transaction against previous capital gains to generate a tax benefit.