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MicroStrategy Faces $18 Billion Tax on Unrealized Bitcoin Gains in 2026 Under CAMT
MicroStrategy Inc. is facing a potential multibillion-dollar tax liability on $18 billion in unrealized Bitcoin gains, as reported by the Wall Street Journal. The tax issue stems from the corporate alternative minimum tax (CAMT) introduced under the 2022 Inflation Reduction Act, which applies to companies with annual revenues exceeding $1 billion. MicroStrategy, which has amassed a Bitcoin stash worth about $47 billion, including the unrealized gains, may be required to pay federal income taxes starting in 2026. The company's situation has sparked discussions about the implications of taxing unrealized gains, with some suggesting that the IRS under a Trump administration might consider exemptions for Bitcoin. The potential tax rate could be as high as 15%, and some reports have mentioned unrealized gains amounting to $19.3 billion.
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Will MicroStrategy pay federal income tax on unrealized Bitcoin gains in 2026?
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Official financial statements and tax filings of MicroStrategy, or IRS announcements