The firm eyes $2.2 billion in deferred tax assets as BTC declines 23% in Q1 2026, mirroring its 2022 tax move.
MicroStrategy signaled readiness to sell bitcoin to harvest tax losses, echoing a 2022 strategy. The company holds a $12.54 billion unrealized loss after BTC fell 23% in Q1 2026, creating a $2.2 billion deferred tax asset to offset future gains.
In December 2022, MicroStrategy sold 704 BTC for $11.8 million at $16,776 per coin, then repurchased 810 BTC two days later. The move generated tax benefits by offsetting prior capital gains, a tactic it may repeat.
The disclosure came during the Q1 2026 earnings call, where executive chairman Michael Saylor confirmed the potential sale without specifying timing or volume.