Microstrategy did not only buy more Bitcoin in November and December, they also SOLD 704 Bitcoins for $11.8 million on December 22

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It was just announced that Microstrategy bought about 2500 Bitcoins between November 1 and December 21 for $42.8 Million. However, Microstrategy also SOLD 704 Bitcoins for approximately $11.8 million for tax purposes. The filing reads: This is something called 'tax loss harvesting'. How does tax loss harvesting work? Well:
Here's a great information on tax loss harvesting: CNBC & Schwab.
submitted by /u/Beyonderr |