$BTC a Bitcoin super whale that only eats and does not spit out, MicroStrategy ended its consecutive 12-week buying spree after being included in the Nasdaq 100. The market speculates this is due to constraints from relevant rules and regulations, and facing a massive tax bill of 19 billion for unrealized Bitcoin gains, financial planning must be conducted to avoid taxes.
Looking at the latest data, as of now, MicroStrategy has held 471,107 Bitcoins, with a total purchase cost of approximately 30.4 billion USD, and a total holding value of about 46.2 billion USD, with an average purchase price of about 64,511 USD, which is not inferior to the total holding value of 57.7 billion USD by Wall Street giant BlackRock.
MicroStrategy has been continuously purchasing for many years through stock issuance and equity financing, debt financing, and convertible bonds in a left foot stepping on the right foot manner, although its long-term fundraising plan indicates.