According to a Wednesday SEC filing, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset.
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy’s BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced that the firm will launch bitcoin lightning network services – including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2 payment platform built on bitcoin to facilitate faster and cheaper transactions.
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ”What if we created an enterprise deployable Lightning wallet on one side, and then on the other side…what if we created an enterprise server that you could use to monetize any website?”
He added that, ”(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).” MicroStrategy recently posted a job listing for a Bitcoin Lightning Software Engineer.
