CryptoQuant: Strategies will face tax risks in the future and may be forced to liquidate Bitcoin to address tax bills

ChainCatcher news, CryptoQuant reported that according to the latest SEC filing by Strategy (MSTR), as of June 30, 2025, the company holds 597,000 bitcoins, purchased for $42.4 billion, with a current market value of $64.4 billion.

However, the new accounting rule ASU 2023-08 requires companies to report bitcoin assets at fair value, even if not actually sold, which could trigger a 15% corporate minimum tax rate (CAMT) starting in 2026.

Strategy explicitly stated in the filing that the company "may need to liquidate a portion of its bitcoin holdings or issue additional debt or equity securities to raise sufficient cash to meet its tax obligations." This means that tax pressure may force Strategy to sell part of its bitcoin holdings in the future to address the actual tax bill arising from unrealized gains.