MicroStrategy said that it’s taking measures to manage $1.05 billion in corporate debt accumulated while stockpiling Bitcoin.
MicroStrategy Faces Billions in Taxes
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 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 announced a debt buyback for its 2027 senior convertible notes tranche, which carried a 0% coupon and totaled over $1 billion.
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 Inc. bought $1.1 billion of Bitcoin, as the company gears up for a shareholder vote on a 30 times increase its authorized Class A shares.
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
Financial writer highlights MicroStrategy Incorporated's potential buying opportunity and outperformance compared to Bitcoin. Click for this MSTR update.
Semler Scientific Inc (NASDAQ:SMLR), a medical technology company, has announced a significant move into the cryptocurrency space with its latest convertible notes offering and plans to acquire Bitcoin (CRYPTO: BTC).
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