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?

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…