Business Intelligence firm MicroStrategy has purchased an additional 2,395 BTC between Nov. 1 and Dec. 21.
Michael Saylor, the founder and CEO of MicroStrategy, announced the company’s purchase on Twitter for the second time this quarter.
According to the company’s 8K filing with the SEC, the Bitcoins were purchased for approximately $42.8 million in cash at an average price of $17,871 per BTC.
The company sold 704 BTC days after the acquisition for around $11.8 million. The sale price averaged around $16,776 per BTC, resulting in capital losses for MicroStrategy. The loss will be carried back against previous capital gains and be used to reduce the federal income tax for the Delaware-registered company.
However, MicroStrategy’s Bitcoin holdings increased again on Dec. 24, when the company purchased another 810 BTC for $13.6 million. The Bitcoins were purchased at an average price of approximately $16,845.
Both the sale and the purchase of the 2,500 BTC were done through MacroSt
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