Their biggest backers include an unlikely group of insurance companies, mutual funds and other usually conservative bond investors.The software company turned itself into a bitcoin whale and now owns some $48 billion of the cryptocurrency.
MicroStrategy may have to pay taxes on its unrealized gains despite not selling any Bitcoin to make a profit. Michael Saylor’s MicroStrategy, the largest corporate Bitcoin (BTC) holder, may need to pay federal income taxes on its unrealized gains according to the Inflation Reduction Act passed in 2022.
New rules could tax unrealized gains on bitcoin holdings at large companies.
Following MicroStrategy's 11,000 BTC acquisition for $1.1 billion, bringing its overall holdings to 461,000 BTC, interest has turned to the potential
In the week ending Jan 19, the company purchased 11,000 BTC for $1.1 billion, taking its total holdings to 461,000 BTC. This latest bitcoin average purchase price was $101,191, increasing MicroStrategy's overall average purchase price to $63,610.
MicroStrategy's bold play is sparking a ripple effect. Canadian video-sharing platform Rumble just made its first Bitcoin splash, reportedly investing up to $20 million to safeguard against inflation.
MicroStrategy, led by Michael Saylor, has announced its latest Bitcoin purchase, marking its third acquisition of the year.
Financial writer highlights MicroStrategy Incorporated's potential buying opportunity and outperformance compared to Bitcoin. Click for this MSTR update.
The SEC's repeal of SAB 121 reignites the debate on Bitcoin custody, with some supporting banks holding BTC while others advocate for self-custody to uphold decentralization.
Semler Scientific is planning to raise $75 million partly to fund more Bitcoin buys as its current holdings hit $29 million in unrealized gains.
The winner of the 2024 FT Money stock picking contest, Alex Khan, took that advice to heart. He placed his bets where few rivals dared tread. His five-stock portfolio, evenly weighted, soared 393 per cent.