MicroStrategy Inc. (NASDAQ:MSTR) reportedly may be liable for taxes on its unrealized Bitcoin (CRYPTO: BTC) gains, despite having made no sales. What Happened: The Inflation Reduction Act of 2022, which introduced a “corporate alternative minimum tax,
MicroStrategy Inc. bought $1.1 billion of Bitcoin, after announcing plans for the early redemption of convertible notes and approving an increase to amount of authorized common shares.
MicroStrategy redeems $1.05B in 2027 convertible notes, offering investors the option to convert into shares before February 20.
Bitcoin bonds” offer insurers a less risky way to purchase cryptocurrency.
MicroStrategy, the top corporate holder of the world's first cryptocurrency Bitcoin, may pay taxes on its holdings despite never selling any.
MicroStrategy's bitcoin-backed bonds attract conservative investors despite high risks. With shares surging and critics skeptical, is the bet sustainable?
MicroStrategy plans to redeem $1.05B of convertible notes due 2027 with Class A common stock, aligning with its Bitcoin-focused strategy.
MicroStrategy’s $47B Bitcoin holdings face tax risks as U.S. laws evolve, introducing a 15% levy on unrealized gains.
Shares of MicroStrategy Inc. (MSTR) fell nearly 1% in pre-market trading on Tuesday after Bitcoin (BTC) prices tumbled from highs of $109,114.88 to as low as $100,103.96 on Monday. President Donald Trump was expected to mention Bitcoin during his inauguration speech on Monday.
MicroStrategy—which almost exclusively focuses on securitizing Bitcoin—last year announced a “21/21 Plan” to raise $46 billion to buy even more Bitcoin. The plan would see the firm raise $21 billion via equity, with another $21 billion coming by selling fixed income securities.
The total value of all cryptocurrencies in circulation currently stands at $3.5 trillion, which is near a record high. Bitcoin ( BTC 1.17%) accounts for more than half of that value, thanks to its market capitalization of almost $2 trillion.
Governments and institutions have increasingly accumulated Bitcoin, but individuals hold the majority of BTC supply, which underscores its decentralized ethos, according to Trezor.