MicroStrategy’s recent sale of a portion of its Bitcoin treasury holdings puts cryptocurrency tax-loss harvesting into the spotlight.
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Crypto Biz: Did Michael Saylor buy the Bitcoin bottom for once?
MicroStrategy scooped up BTC at an average price of just under $17,200. Meanwhile, Binance’s CZ explains why there’s so much FUD surrounding his exchange.
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MicroStrategy Bitcoin purchase divides the crypto community
Many praised the move, while others brought up some potential negative effects of one entity holding a lot of Bitcoin.
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Microstrategy Buys More Bitcoin — Company’s Crypto Holdings Grow to 132,500 BTC
Microstrategy is now holding approximately 132,500 bitcoin following its most recent purchases. This year, the world’s largest cryptocurrency has emerged as “the institutional-grade digital asset,”
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MicroStrategy adds to Bitcoin stake despite steep loss
The value of the firm‘s Bitcoin holdings has declined 45%, with an average purchase price of $30,397.
Read moreMicroStrategy Bought Bitcoin To Avoid Liquidation, Peter Schiff Reveals
Bitcoin detractor and economist Peter Schiff has taken another swipe at the digital asset and MicroStrategy, a public company that is heavily invested in the
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