MicroStrategy Could Face Billion-Dollar Tax Bill On Unrealized Bitcoin Gains: Wall Street Journal

The post MicroStrategy Could Face Billion-Dollar Tax Bill On Unrealized Bitcoin Gains: Wall Street Journal appeared first on Coinpedia Fintech News
MicroStrategy has built a bitcoin stash worth around $47 billion, including $18 billion in unrealized gains, through years of stock and debt offerings. However, in an unexpected turn, the company might face federal income taxes on those paper gains, even without selling any bitcoin, according to the Inflation Reduction Act of 2022. MicroStrategy Could Face …

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