{"id":42970,"date":"2022-12-28T15:56:18","date_gmt":"2022-12-28T19:56:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=42970"},"modified":"2022-12-28T15:56:21","modified_gmt":"2022-12-28T19:56:21","slug":"microstrategy-sells-704-bitcoins-btc-for-first-time","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/microstrategy-sells-704-bitcoins-btc-for-first-time\/","title":{"rendered":"MicroStrategy Sells 704 Bitcoins (BTC) For First Time"},"content":{"rendered":"\n
According to a SEC filing<\/a>, MicroStrategy sold 704 Bitcoin (BTC) for the first time after disclosing a purchase of nearly 2,500 BTC.<\/h5>\n\n\n\n
\"MicroStrategy
MicroStrategy Sells 704 Bitcoins (BTC) For First Time<\/figcaption><\/figure>\n\n\n\n

MicroStrategy, a cryptocurrency-friendly business<\/a>, raised its Bitcoin (BTC) holdings between November 1 and December 21 by purchasing roughly 2,395 BTC for a total of $42.8 million in cash, according to a filing with the SEC. <\/p>\n\n\n\n

Through the company's MacroStrategy subsidiary, this deal was made. However, a minor portion of the company's Bitcoin holdings have also been sold, according to the official release.<\/p>\n\n\n\n

The corporation sold roughly 704 Bitcoin the following day, on December 22, for a total of $11.8 million, with the hope that the loss would offset earlier capital gains.<\/p>\n\n\n\n

The transaction that could provide a tax benefit happened at a price of roughly $16,776 on average per Bitcoin. On Wednesday, Bitcoin maximalist Michael Saylor announced\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> that MicroStrategy had bought 2,500 Bitcoins for about $42.8 million. <\/p>\n\n\n\n

The company has about 132,500 Bitcoins as of December 27th, which were acquired for more than $4 billion at an average cost of $30,397 per coin.The American analytics firm stated in its statement:<\/p>\n\n\n\n

\n

“MacroStrategy acquired approximately 810 bitcoins for approximately $13.6 million in cash, at an average price of approximately $16,845 per bitcoin, inclusive of fees and expenses”<\/p>\n<\/blockquote>\n\n\n\n

MICROSTRATEGY'S CRYPTO RUSH<\/h2>\n\n\n\n

The company apparently sold $46.4 million worth of shares as of December 28th, in accordance with a previously disclosed plan to sell up to $500 million worth of Class A common stock, which it can use to increase the amount of Bitcoin it owns.<\/p>\n\n\n\n

The price of MSTR shares has risen slightly during premarket trading. Additionally, the price of Bitcoin is currently $16,660 as of this writing. According to cryptocurrency market tracker CoinMarketCap<\/a>, this implies a fall of 1.09% for the day and a further decline of 1.10% for the week.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to a SEC filing, MicroStrategy sold 704 Bitcoin (BTC) for the first time after disclosing a purchase of nearly 2,500 BTC. MicroStrategy, a cryptocurrency-friendly business, raised its Bitcoin (BTC) holdings between November 1 and December 21 by purchasing roughly 2,395 BTC for a total of $42.8 million in cash, according to a filing with […]<\/p>\n","protected":false},"author":43,"featured_media":42972,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1799,539],"class_list":["post-42970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoins","tag-microstrategy"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/jpg_20221228_204805_0000.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/42970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=42970"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/42970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/42972"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=42970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=42970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=42970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}