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.
MicroStrategy rallied for an FASB change that it thought would help it properly value its bitcoin — but it could come with a nasty tax.
Adding bitcoin to a company’s balance sheet has been a terrific decision for the few winners and a terrible decision for others.
As MicroStrategy continues to dilute common shareholders to add bitcoin to its balance sheet, insiders continue to sell into their bids.
Bitcoin ironically dipped below $94K during the firework-filled climax to MicroStrategy founder Michael Saylor’s “$100K” New Year’s Eve party.
In November 2022, MicroStrategy had liquidation prices on its bitcoin that the crash almost triggered. Nowadays, its debts are different.