MicroStrategy didn't early adopt new accounting for its Bitcoin; CEO Saylor may be scared of big taxes

New accounting rules for crypto assets are expected to increase Microstrategy’s net income, yet it’s not jumping onboard. Is the extra profit not worth paying a 15% AMT?

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Apr 23, 2024

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We previously published this in Deep Quarry.

Public companies that invest in digital assets such as bitcoin as a key business strategy face challenges in implementing long-term tax strategies. That’s because, as I reported for CoinDesk in February 2022, insufficient guidance from tax authorities and other regulators on financial reporting are making tax…

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A guest post by

Olga Usvyatsky

Olga Usvyatsky is a former VP of Research of Audit Analytics, where she led the development of new data sets used by investors, regulators, and academics. Her work was frequently cited by media, including WSJ, Bloomberg, and MarketWatch.

The Dig

MicroStrategy didn't early adopt new accounting for its Bitcoin; CEO Saylor may be scared of big taxes

New accounting rules for crypto assets are expected to increase Microstrategy’s net income, yet it’s not jumping onboard. Is the extra profit not worth paying a 15% AMT?

This post is for paid subscribers