Bitcoin price maintains strength above $114,000 as Strategy announces the purchase of 220 more BTC for $27.2 million, bringing its total holdings to 640,250 BTC. The purchase comes amid a broader trend of corporate treasury adoption, with multiple companies adding Bitcoin to their balance sheets.
Strategy, the world’s largest corporate holder of Bitcoin, reported $3.9 billion in fair value gains from their Bitcoin holdings for the third quarter.
Good news for Bitcoin holders: The U.S. Treasury clarified that unrealized crypto gains won’t be taxed under CAMT, sparing firms from tax liabilities as Congress debates digital asset taxation.
Michael Saylor has never shied away from grand visions, but his latest roadmap Strategy’s Bitcoin strategy may be his boldest yet.
In a wide-ranging conversation...
Companies across the planet are vacuuming up every bitcoin they can get their hands on by financially engineering stocks and securities in a grand speculative attack. A bitcoin treasury companies is the natural outcome to a problem not many people understand: Cash is trash — for a company, holding cash is now a liability.
Strategy, the world’s largest corporate holder of bitcoin, added 196 BTC to its treasury last week for $22.1 million at an average price of $113,048 per coin, according to a U.S. SEC filing.