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MicroStrategy Readies Bitcoin Sale for Tax Loss Harvesting
Description
MicroStrategys executive chairman, Michael Saylor, announces plans to sell some bitcoin, reviving their tax loss harvesting strategy from 2022. The company sold 704 bitcoin for $11.8 million in 2022, then bought 810 more to offset losses. Bitcoins 23% drop in Q1 2026 resulted in a $12.54 billion unrealized loss and a $2.2 billion deferred tax asset for MicroStrategy. Saylor aims to use sale proceeds to pay down debt, buy back stock, or cover preferred stock dividends.
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