MicroStrategy sells Bitcoin for tax reasons, buys back 2,500 BTC two days later

According to MicroStrategy's SEC filing, the company's recent operations are as follows:

According to MicroStrategy's SEC filing document, the company's recent operations are as follows: - 11/1 – 12/21: Purchased approximately $42.8 million to acquire 2,395 BTC at an average price of $17,871 per BTC. - 12/22: Sold 704 BTC for approximately $11.8 million in cash proceeds at an average price of $16,776 per BTC. - 12/24: Purchased approximately $13.6 million to acquire 810 BTC at an average price of $16,845 per BTC. Following the above operations, MicroStrategy now holds a total of 2,500 BTC: - Total holdings: 132,500 BTC - Average price: $30,397 per BTC - Loss: -44% - Total cost: $4.03 billion According to the document, MicroStrategy is attempting to deduct the losses from selling Bitcoin from previous capital gains, and if federal tax law allows for such gains and losses to offset, MicroStrategy could benefit from tax deductions.