Unchained · Wednesday, July 8, 2026
An analyst suggests that MicroStrategy's recent Bitcoin sale might be a strategic move for tax-loss harvesting. By selling specific older lots of Bitcoin, the company could realize significant capital gains, potentially offsetting other tax liabilities.
“So, you really need to zoom out when you look at strategy. Um, if you, you know, to use this example here, and I'm sure what they're doing is they're tax loss harvesting, right?”
“So, what you do is you use specific, uh, it's called spec IDs, so specific lots of Bitcoin. And so they didn't sell the Bitcoin that they bought a couple weeks ago. They sold the Bitcoin that they bought back in, let's say 2020, um, or 2021. And so if you used, you know, their actual accounting for the way they did it, then they had like a, you know, 6X or 5X or 4X, whatever it was, gain on the Bitcoin that they sold here.”