Michael Saylor’s latest tax strategy echoes Strategy’s 2022 bitcoin sale
CoinDesk
MicroStrategy is revisiting its 2022 tax-loss harvesting strategy by preparing to sell bitcoin to offset capital losses and manage deferred tax assets.Summary
During its Q1 2026 earnings call, MicroStrategy confirmed plans to potentially sell bitcoin, a move mirroring a similar tax-loss harvesting strategy executed in December 2022. By selling bitcoin at a loss and potentially repurchasing it, the company aims to generate tax benefits that offset previous capital gains. This strategy is driven by recent FASB fair value accounting rules, which have resulted in significant unrealized losses and deferred tax assets on MicroStrategy's balance sheet. Proceeds from such sales would be used to manage convertible debt, repurchase common stock, or fund dividend obligations.
(Source：CoinDesk)