If you think MicroStrategy’s business model is wild, wait until you see its tax issues. After years of raising money through stock and debt offerings to buy bitcoin, MicroStrategy owns a stash worth about $47 billion,
Their biggest backers include an unlikely group of insurance companies, mutual funds and other usually conservative bond investors. The software company turned itself into a bitcoin whale and now owns some $48 billion of the cryptocurrency.
MicroStrategy said that it’s taking measures to manage $1.05 billion in corporate debt accumulated while stockpiling Bitcoin.
MicroStrategy has spent years raising money via stock and debt offerings to buy Bitcoins. Now, the company is one of the largest holders of the asset, with a
MicroStrategy Inc (MSTR) stock saw a decline, ending the day at $353.67 which represents a decrease of $-19.45 or -5.21% from the prior close of $373.12. The stock opened at $377.67 and touched a low of $351 during the day,
MicroStrategy plans to redeem $1.05B in notes amid Bitcoin tax rule concerns, due to CAMT's impact on unrealized Bitcoin gains.
MicroStrategy Inc. bought $1.1 billion of Bitcoin, as the company gears up for a shareholder vote on a 30 times increase its authorized Class A shares.
MicroStrategy’s $47B Bitcoin holdings face tax risks as U.S. laws evolve, introducing a 15% levy on unrealized gains.
Following MicroStrategy's 11,000 BTC acquisition for $1.1 billion, bringing its overall holdings to 461,000 BTC, interest has turned to the potential
MicroStrategy faces a billion-dollar tax dilemma under CAMT, threatening its Bitcoin strategy. IRS relief may be the company’s only hope.
MicroStrategy added to its bitcoin stash for the 11th week in a row, as the company's investors get ready to vote on increasing its Class A and preferred stock and enhancing its ability to buy more bitcoin.
MicroStrategy Inc. shareholders voted for a 30 times increase to the number of authorized Class A common shares to help finance the company’s Bitcoin buying.