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.
This comes as the company continues its relentless Bitcoin buying spree, now holding 461,000 BTC worth around $48.65 billion. Its latest zero-interest convertible bond issuance raised $3 billion, reinforcing its high-risk,
MicroStrategy said that it’s taking measures to manage $1.05 billion in corporate debt accumulated while stockpiling Bitcoin.
President Trump’s working group explores a U.S. Bitcoin reserve, addressing legal challenges, regulatory issues, and Bitcoin's risks and potential.
MicroStrategy plans to redeem $1.05B in notes amid Bitcoin tax rule concerns, due to CAMT's impact on unrealized Bitcoin gains.
New rules could tax unrealized gains on bitcoin holdings at large companies.
MicroStrategy Buys $1.1 Billion of Bitcoin
MicroStrategy has spent years raising money via stock and debt offerings to buy Bitcoins. Now, the company is one of the largest holders of the asset, with a
Real estate firm Fathom, which trades publicly on the Nasdaq, is adopting a Bitcoin reserve strategy by buying the cryptocurrency.
MicroStrategy’s $47B Bitcoin holdings face tax risks as U.S. laws evolve, introducing a 15% levy on unrealized gains.
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 (MSTR), one of the largest corporate holders of bitcoin (BTC-USD), may be subject to a 15% tax on unrealized gains from its $47B bitcoin stash