MicroStrategy's unrealized gains on Bitcoin may face tax issues

ChainCatcher news, according to Cointelegraph, although MicroStrategy has not sold any Bitcoin for profit, it may need to pay taxes on its unrealized gains. The Wall Street Journal reported on January 24 that under the Inflation Reduction Act passed in 2022, MicroStrategy is subject to a 15% tax rate on adjusted corporate earnings.

According to MicroStrategy's portfolio tracker, the total unrealized gains from the Bitcoin held by the company exceed $19.3 billion, which means they may face tax issues amounting to billions of dollars.