The American Treasury Department and the Internal Revenue Service have released interim guidelines that considerably facilitate the tax burden for companies that have Bitcoin and other digital assets.
Published on September 30, the Notifications, 2025-46 and 2025-49, clarify how the Business-Alternative Minimum Tax (CAMT) applies to non-realized profits, a question that had asked an alarm in company treasures.
The guidance follows heavy feedback on proposed regulations (Reg-11129-23) Published in September 2024. Those rules have companies uncertain about how non-realized crypto winsts would be treated under the CamT framework.
By tackling this gap, Treasury and the IRS aim to decrease to lower the compliance costs and clarify how companies calculate their adjusted income from financial statements (AFSI), the tax basis for CAMT. Companies can immediately rely on this interim lighting, with similar provisions that are expected in the coming regulations.
The CAMT, founded by the 2022 Inflation Reduction Act, imposes a minimum levy of 15% on companies that report at least $ 1 billion in average annual AFSI.
That calculation would not have included -realized digital assets profits without adjustments, which may create enormous liabilities for paper load for companies with large crypto companies.
Relief for Bitcoin Treasury companies
The update has immediate implications for companies such as Strategy Inc. (previously micro strategy), with more than 640,000 BTC.
According to the accounting standards adopted in January 2025, strategy now report His bitcoin against real value, with non -realized profits and losses that flow into the net income every quarter.
Before these guidelines, analysts expected that the company would fall under CAMT in 2026, which exposed billions of possible liability to non -realized Bitcoin profit.
However, the new rules would enable the company to exclude the non -realized crypto -winsts from AFSI.
As a result, strategy no longer expects to be confronted with the exposure to camt that is linked to his $ 16 billion to Bitcoin Holdings. This shift removes a large overhang about the company’s long -term strategy to keep Bitcoin as reserve resistant.
With more than 100 public companies with more than 1 million BTC, the ruling could strengthen the role of Bitcoin as a business reserve instrument.
Given this, Bitcoin lawyers welcome the move as a validation for company treasures.
Investor Peter Duan stressed That the IRS clarification gives companies certainty and encourages them to continue to accumulate BTC without the threat of load on paper winnings.
Jeff Walton from Strive Asset Management reflect That view, with the argument that the decision removes a “huge FUD story” that companies had discouraged from reporting strong digital assets wins.
