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Cash Support from MicroStrategy

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According to an SEC filing, the crypto-profit company MicroStrategy increased its bitcoin (BTC) holdings by purchasing approximately 2,395 BTC for a total of $42.8 million in revenue between November 1 and November 21. December. This transaction was made through the firm’s MacroStrategy. subsidiary company. However, according to the official announcement, the company also split a small part of its Bitcoin assets.

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MicroStrategy Sells 704 Bitcoins

The next day, December 22, the company sold around 704 bitcoins for a total of $11.8 million, expecting that the loss would exceed the original capital value. Businesses can benefit from taxes that occur at an average price of about $16,776 per bitcoin.

Bitcoin maximalist Michael Saylor announced on Wednesday that MicroStrategy bought 2,500 Bitcoins for a total of $42.8 million. As of December 27, the company has almost 132,500 Bitcoins, which were bought for more than $4 billion at an average price of $30,397 per coin.
The United States Bureau of Investigation said in its filing,

MacroStrategy acquired about 810 bitcoins for about $13.6 million in cash, at an average price of about $16,845 per bitcoin, including fees and expenses. Bitcoin Push from MicroStrategy
According to Dec. 28, the company reportedly sold about $46.4 million in stock, part of a previously disclosed plan to sell up to $500 million in common stock. class A; which it can use to increase the number of Bitcoins.

During premarket trading, the price of MSTR shares rose slightly. And, at the time of writing, the Bitcoin price is currently trading at $16,660. This represents a decrease of 1.09% on the day, and another decrease of 1.10% on the week according to the crypto market CoinMarketCap.

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