Ahmet yeniceri 
The U.S. Treasury Department appears poised to significantly soften its controversial tax rules on Bitcoin gains. This move will provide relief, particularly for Michael Saylor and other major investors. Companies may no longer be required to pay taxes on paper gains. The Treasury Department’s reversal will simplify the management of crypto investments in the U.S., allowing firms to maintain their strategies.
CAMT Regulation Backtrack, Tax Burden Eased
The Corporate Alternative Minimum Tax (CAMT), scheduled to take effect on October 1, would have required companies to pay billions of dollars in taxes on unrealized Bitcoin gains. CAMT requires large companies to pay at least 15% tax on their reported income. However, the Treasury Department is considering softening this requirement.
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Currently, the US Financial Accounting Standards Board (FASB) requires companies to account for their crypto assets “at market value.” This means that when the price of Bitcoin rises, companies must record the paper gains as income. For Strategy, which holds approximately $73 billion in Bitcoin reserves, this translates to a massive tax burden. In contrast, unrealized gains on traditional assets like stocks are tax-exempt.
Joint Request from Companies to the Treasury
Strategy and Coinbase had previously opposed this differential treatment and sent a joint letter to the Treasury Department in May. The letter requested that crypto gains be exempted. The companies argued that taxing paper gains would force firms to sell Bitcoin. American companies could be at a disadvantage in global competition as a result. Furthermore, “taxing non-existent income” raises constitutional issues.
The Treasury Department is backing down and reassuring major crypto investors. US companies can retain their Bitcoin reserves.