MacroStrategy first sells 704 BTC for tax benefits

According to reports, the details of its increased holdings of 2,500 BTC were disclosed: 1. During the period from November 1, 2022, to December 21, 2022, MicroStrategy, through its wholly-owned subsidiary MacroStrategy LLC ("MacroStrategy"), paid approximately 42.8 million BTC USD cash acquired about 2,395 bitcoins at an average price of about $17,871 per bitcoin. 2. On December 22, 2022, MacroStrategy sold approximately 704 bitcoins for approximately $11.8 million in cash proceeds, for an average price of approximately $16,776 per bitcoin after deducting fees and expenses. MicroStrategy intends to carry forward capital losses from the transaction against prior capital gains, provided that such carryforwards are tax-advantageous under current federal income tax laws. 3. On December 24, 2022, MacroStrategy acquired approximately 810 bitcoins for approximately $13.6 million in cash, with an average price of approximately $16,845 per bitcoin. MacroStrategy bought BTC twice and sold BTC once, adding up to about 2,500 BTC in total. According to Bitcoin Magazine, this is the first time that MacroStrategy has sold BTC for tax benefits.