Tag: MicroStrategy
MicroStrategy continues to purchase Bitcoin
MicroStrategy is increasing its Bitcoin holdings. Last week, the company bought an additional $1.1 billion worth of Bitcoin. To acquire more, it is considering selling part of its stock portfolio. Currently, MicroStrategy holds 471,107 BTC. On January 27, the company announced plans to offer 2.5 million units of perpetual preferred stock. This type of stock
MicroStrategy could face tax implications from its Bitcoin profits
MicroStrategy, the world’s largest institutional Bitcoin investor, is making headlines with over 450,000 Bitcoins in its possession. However, the company faces a staggering tax risk amounting to billions of dollars due to unrealized Bitcoin gains. This situation arises from the “Corporate Alternative Minimum Tax” (CAMT) provision included in the Inflation Reduction Act, which came into