2 years ago

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Michael Saylor is one of, if not the poster boy for Bitcoin maximalism. Because of this, his company, MicroStrategy, has been buying up Bitcoins for their corporate balance sheet for the last couple of years. But the news made headlines when this week MicroStrategy revealed they sold some of their Bitcoin.

This is something that he said they would never do, and so it came as a shock to many people.

Now it does not stop there, the story gets a little bit stranger

On December 22nd, MicroStrategy sold 704 of their bitcoins. However, just two days later, they purchased 810 bitcoins more.

Timecodes
00:00 MicroStrategy Sells Their Bitcoin
01:08 Wash Sale Rule
03:13 Tax Loss Harvesting
04:35 What This Has to Do with Bitcoin
06:17 Main Benefit with Capital Losses
07:29 Empowered Investor Live

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#michaelsaylor #microstrategy #soldbitcoin

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