MicroStrategy wanted bitcoin rule change — not billions in tax bills
MicroStrategy rallied for an FASB change that it thought would help it properly value its bitcoin — but it could come with a nasty tax.
Bitcoin24h
$88,776.65-4.37%
Ethereum24h
$3,036.34-4.98%
XRP24h
$2.05-4.75%
BNB24h
$880.35-3.19%
Solana24h
$133.10-6.95%
TRON24h
$0.2850+0.50%
Dogecoin24h
$0.1399-6.57%
Cardano24h
$0.4180-7.05%
Bitcoin Cash24h
$567.79-1.81%
Hyperliquid24h
$31.25-9.89%
Adding bitcoin to balance sheets doesn’t always mean big wins
Adding bitcoin to a company’s balance sheet has been a terrific decision for the few winners and a terrible decision for others.
Why have MicroStrategy insiders been dumping MSTR?
As MicroStrategy continues to dilute common shareholders to add bitcoin to its balance sheet, insiders continue to sell into their bids.
Bitcoin up, MicroStrategy down over past 30 days
Bitcoin ironically dipped below $94K during the firework-filled climax to MicroStrategy founder Michael Saylor’s “$100K” New Year’s Eve party.
What is MicroStrategy’s bitcoin liquidation price?
In November 2022, MicroStrategy had liquidation prices on its bitcoin that the crash almost triggered. Nowadays, its debts are different.
-
Billionaires rally around David Sacks after NYT exposé—by Protos Staff
-
Beginning of the end? Strategy dilutes MSTR, slashes EPS guidance 76%—by Protos Staff
-
Re7 Labs threatens whistleblower over exposure to yield vault collapse—by Protos Staff
-
S&P 500 declines to add Strategy again—by Protos Staff
-
S&P Global Ratings says Tether’s stability is ‘weak’—by Protos Staff
-
DeFi yield aggregator Yearn discloses September incident in yUSND vault—by Protos Staff
-
Calvin Ayre linked to Wirecard collapse on German public TV—by Protos Staff
-
Top crypto execs cash in as stocks collapse—by Protos Staff
-
CHART: Bitcoin ETFs shed $58B, dropping faster than BTC—by Protos Staff
