MicroStrategy Sells Bitcoin for the First Time, But Remains a Net Buyer
- MicroStrategy says it’s holding hoard worth around $4 billion
- Bitcoin is on pace for one of its worst years on record
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MicroStrategy Inc., the enterprise-software firm better known in recent years as the largest corporate buyer of Bitcoin, announced a series of transactions including its first ever sale of the token. The company remains a net buyer.
In a filing Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the start of November and Dec. 21 through its MacroStrategy subsidiary, paying roughly $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of around $11.8 million, citing tax purposes, before buying 810 more of them two days later.