Last week, MicroStrategy, the largest corporate holder of Bitcoin, revealed that it sold some of its holdings for the first time ever on December 22nd.
The company announced that it made a series of transactions, including the sale of 704 BTC for approximately $11.8 million.
The company explained the move by saying, “MicroStrategy plans to carry back capital losses arising from this transaction against prior capital gains, to the extent such carrybacks are available under current federal income tax laws that may produce a tax benefit.”
The company also disclosed that it made a purchase of 810 BTC for approximately $13.6 million on December 24, making the company a net buyer of BTC.
The latest purchase combined with another 2,395 BTC purchased by the company between November 1 and December 21 brings the total to approximately 2,500 BTC purchased since the beginning of last month.
