MicroStrategy could face billions in tax troubles

Odaily News Although MicroStrategy did not sell any Bitcoin for profit, it may need to pay taxes on its unrealized gains. The Wall Street Journal reported on January 24 that according to the Inflation Reduction Act passed in 2022, MicroStrategy's tax rate based on adjusted corporate earnings is 15%, and according to MicroStrategy's portfolio tracker, the company's total unrealized gains on Bitcoin held by the company exceed $19.3 billion, which means they may face billions of dollars in tax issues. (Cointelegraph)