MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025.
MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%
A D.C. court denied a motion to dismiss claims that Michael Saylor failed to pay personal income taxes, with a status conference on the matter scheduled for Mar...
Michael Saylor is still on the hook for alleged tax evasion, says MicroStrategy filing
The bankruptcies of once high-profile crypto players are “painful” but helpful, according to Michael Saylor, but industry oversight is still needed.
Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — MicroStrategy co-founder
A company spokesman says the second-biggest publicly listed holder of BTC wants to have a “war chest” of liquidity composed of both cash and Bitcoin.
Marathon’s first Bitcoin sale in 2 years not the result of distress
The company also booked a loss of $34 million on its first-ever Bitcoin sale last quarter but said it was conducted to harvest a tax loss.
MicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B
Crypto-related stocks, ETFs and tokens have all surged in price so far in 2023 despite experts expecting the Federal Reserve to continue hiking interest rates.
Crypto stocks surge: Coinbase up 69%, MicroStrategy up 74% since lows
MicroStrategy’s recent sale of a portion of its Bitcoin treasury holdings puts cryptocurrency tax-loss harvesting into the spotlight.
Tax attorney breaks down the MicroStrategy Bitcoin sale