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 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