• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

MicroStrategy: Taxation on Unrealized Gains

user avatar

by Giorgi Kostiuk

a year ago

Michael Saylor's MicroStrategy, the largest corporate Bitcoin holder, may face federal income taxes due to new US regulations.

The Core Issue

According to the Inflation Reduction Act passed in 2022, the company is required to pay a 'corporate alternative minimum tax' at 15% of adjusted earnings. This could include MicroStrategy's unrealized gains despite them not selling Bitcoin for profit.

Potential Legislative Changes

However, the IRS might grant an exemption for Bitcoin under a potentially more crypto-friendly Trump administration.

History of MicroStrategy and Reports

As of early 2023, MicroStrategy's portfolio exceeded 450,000 BTC, valued over $48 billion. Previously, in August 2022, the company and Saylor were accused of evading taxes in Washington, D.C., for which they later agreed to pay $40 million.

Potential tax changes for MicroStrategy may set a significant precedent for other corporate crypto holders.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Strive Asset Management Introduces Innovative Bitcoin-Backed Securities

chest

Strive Asset Management has launched SATA preferred shares, the first listed US security to pay daily dividends, with a 13% annualized rate, aiming to reshape perceptions of money and credit.

user avatarTenzin Dorje

Samsung Affiliates Invest in Leading Crypto Exchange Dunamu

chest

Three Samsung affiliates announced a combined acquisition of a 4% stake in Dunamu, operator of South Korea's leading crypto exchange, Upbit, for approximately 408 million USD.

user avatarBayarjavkhlan Ganbaatar

Worldcoin's Price Reversal Following Initial Surge

chest

Worldcoin's price has fallen back after reaching an 11-week high, raising concerns about the sustainability of the rally.

user avatarElias Mukuru

Worldcoin Experiences Surge in Onchain Activity Amid Price Rally

chest

Worldcoin's recent price rally led to a significant increase in onchain activity, including whale transactions and new wallet creations.

user avatarMohamed Farouk

AI Tools Increasing Threats to DeFi Security, Experts Warn

chest

Experts warn that AI-powered coding tools are enabling attackers to exploit vulnerabilities in DeFi protocols at unprecedented speed.

user avatarKenji Takahashi

Attackers Exploit DeFi Vulnerabilities, Draining $200,000 from Uniswap V3

chest

Attackers exploited vulnerabilities in DeFi protocols, draining $200,000 from Uniswap V3.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.