Microstrategy Inc. is a software company developing software for enterprises. It was established in 1989 by Michael J. Saylor, Sanju Bansal and Thomas Spahr. The company first came into limelight when it started purchasing Bitcoin and soon became the largest corporate buyer/holder of Bitcoin.  
It is the first time in the history of MicroStrategy that it sold 704 btc tokens on December 22nd, 2022 for the sum of $11.8million in cash citing tax purposes before buying 810 more on them two days later.
In an SEC filing on December 28th, 2022, the company noted that “MicroStrategy plans to carry back the capital losses resulting from this transaction against previous capital gains.” 
Explaining the sale, the company stated: This “may generate a tax benefit.”  
MicroStrategy started purchasing cryptocurrencies in 2020, and in just a few days, it will complete two years of purchasing BTC. Notably, in these two years, the company never sold any bitcoin.
Sean Farrell (Tax Watcher) h

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