MicroStrategy sold a portion of their Bitcoin realizing a loss

[guest_trader_1]

https://cointelegraph.com/news/tax-attorney-breaks-down-the-microstrategy-bitcoin-sale

Finally Saylor's nonsense had to get to an end.

Apparently they bought shit coins again, a proper gambler mentality.

 

[GlobalMacro90]

They bought more than they sold … this is nothing

 

[The_Krakenite]

Finally Saylor's nonsense had to get to an end.

You are confusing us again. BTC in America is treated as property, so tax-loss harvesting makes lots of sense for those who are going long.

He actually accumulated even MORE Bitcoins in Dec, at a time that the bears here were saying he was going to sell out.

You don't need to be a CPA to know this was the proper way to reduce taxes.

 

[guest_trader_1]

You are confusing us again. BTC in America is treated as property, so tax-loss harvesting makes lots of sense for those who are going long.

He actually accumulated even MORE Bitcoins in Dec, at a time that the bears here were saying he was going to sell out.

You don't need to be a CPA to know this was the proper way to reduce taxes.

Obviously I was expecting this answer.
A website like cointelegraph won't tell the story like a losing move, it is obviously a master move to reduce taxes!

There are many ways to mask the fact that they lost so much that is now an option to offset taxes. But the fact is that they lost in the first place, way too much.

 

[deaddog]

I'm curious as to why a company that lost $116 per share TTM would need a tax write off.

 

[The_Krakenite]

There are many ways to mask the fact that they lost so much that is now an option to offset taxes.

No one is masking anything. Everyone, from retail to institutions are encouraged to do tax-loss harvesting at that particular point in the year. Even in countries that do NOT treat BTC as property it is advantageous. This also is a valid strategy in bull markets as well.

Many investors come into BTC/ETH simply because they can harvest the benefits at the end of the year, which are often prohibited by traditional securities. There has been a big push in the US government for years to close this loop-hole.

 

[guest_trader_1]

No one is masking anything. Everyone, from retail to institutions are encouraged to do tax-loss harvesting at that particular point in the year. Even in countries that do NOT treat BTC as property it is advantageous. This also is a valid strategy in bull markets as well.

Many investors come into BTC/ETH simply because they can harvest the benefits at the end of the year, which are often prohibited by traditional securities. There has been a big push in the US government for years to close this loop-hole.

What a change in the way people play these coins. Two years ago it was a way to fly to the moon. Now it is a way to harvest loses in order to write off taxes. It is always a win with you coiners, you never accept a defeat.