Share to Twitter Share to Linkedin MicroStrategy MSTR , the business-software company that has a thing for bitcoin still loves the cryptocurrency even though it sold some for tax purposes last month, employing a tactic that could help other long-term fans ease the pain from the asset’s months-long slide. As part of a flurry of late-year transactions, MicroStrategy sold about 704 bitcoins at an average price of $16,776 on December 22, the first time the company had divested any holdings of the leading cryptocurrency. But that followed purchases of about 2,395 tokens for about $17,871 each from November 1-December 21. The company said in an SEC filing that it planned to use losses generated by the sale to diminish previous capital gains, which could result in tax benefits. It also said it turned around and bought 810 bitcoins on December 22 at about $16,485 each, meaning MicroStrategy had a net increase of about 2,501 in its bitcoin hoard since the … [Read more...] about MicroStrategy Sticks With Long-Term Bitcoin Strategy But Uses Short-Term Sale For Tax Benefit
December 2018 lol sales
Year-End Tax Tips After Crypto’s Dismal 2022
Share to Twitter Share to Linkedin What Happened It has been a rough 2022 for cryptocurrency holders who had to face the collapse of luna and its associated stablecoin terraUSD, the meltdown of several digital-asset exchanges, and a brutal financial winter that cut the market value of all coins and tokens to $800 million from the January high of $2.4 trillion. With the year coming to an end, U.S. investors–most of whom are likely to be sitting on losses – have some room to optimize their tax situations and get ready for the upcoming filing season. Anyone following crypto knows how volatile the market can be. Forbes CryptoAsset & Blockchain Advisor looks at the universe of viable crypto assets with proprietary analysis and insider crypto knowledge to guide you to the best choices. Key Concepts Below are some strategies and best practices you can follow before the end of the year to save on taxes and have a smoother filing experience in … [Read more...] about Year-End Tax Tips After Crypto’s Dismal 2022
Atlanta United’s Thiago Almada May Have Boosted His Transfer Value Saturday … Without Playing
Share to Twitter Share to Linkedin Of all the voices calling for Major League Soccer to stop through FIFA international match windows, Thiago Almada’s agent is unlikely to be one of them. Almada’s value as arguably the most certain European-bound current MLS star has been in plain sight through his opening four games of the 2023 Regular season. The 21-year-old Argentine ( who is already a World Cup winner ) merely scored four goals and assisted four more to start the new campaign, helping his team earn 10 points from 12 in the process. But any lingering doubts of his value to his current club were truly erased by the misery his side endured on Saturday night in their first game of the year without him. With Almada one of several Atlanta players away on international duty, a team that entered having won back-to-back games by a combined seven-goal margin was on the other side of a 6-1 hiding to a Columbus Crew team also missing key internationals. And … [Read more...] about Atlanta United’s Thiago Almada May Have Boosted His Transfer Value Saturday … Without Playing