Summary
- MicroStrategy said it will receive an exemption under the U.S. Treasury's new guidance for the 15% Corporate Alternative Minimum Tax (CAMT).
- According to the guidance, unrealized gains and losses on virtual assets are not included in the calculation of Adjusted Financial Statement Income for CAMT purposes.
- The Block reported that tax savings of about $4.1 billion are expected.
On the 1st (local time), according to crypto-focused media The Block, MicroStrategy, founded by Michael Saylor, received a benefit under new guidance from the U.S. Treasury and the Internal Revenue Service (IRS) that exempts it from paying the 15% Corporate Alternative Minimum Tax (CAMT).
Under the guidance, unrealized gains and losses on virtual assets (cryptocurrencies) are not included in the calculation of adjusted financial statement income(Adjusted Financial Statement Income) for CAMT purposes.
MicroStrategy had originally been expected to pay CAMT from 2026, but this change allows it to avoid that tax burden.
MicroStrategy currently holds approximately 640,000 bitcoins (BTC), and its unrealized gains amount to about 58%. As a result, tax savings of about $4.1 billion are expected.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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