MicroStrategy plans to redeem $1.05B in notes amid Bitcoin tax rule concerns, due to CAMT's impact on unrealized Bitcoin gains.
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.
MicroStrategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, is grappling with potential federal tax obligations tied to its massive Bitcoin holdings, according to a Wall Street Journal report.
New rules could tax unrealized gains on bitcoin holdings at large companies.
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
MicroStrategy may face federal income tax obligations on its significant unrealized gains, which currently exceed $19.3 billion.
Michael Saylor’s MicroStrategy, a business-intelligence software company turned Bitcoin behemoth, has placed an enormous bet on cryptocurrency. The company owns approximately $48 billion worth 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
MicroStrategy Buys $1.1 Billion of Bitcoin
MicroStrategy, the top corporate holder of the world's first cryptocurrency Bitcoin, may pay taxes on its holdings despite never selling any.
Following MicroStrategy's 11,000 BTC acquisition for $1.1 billion, bringing its overall holdings to 461,000 BTC, interest has turned to the potential
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.