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2h ago

Treasury and IRS Exclude Unrealized Crypto Gains From CAMT in Interim Guidance

The move removes a potential multibillion-dollar tax overhang for corporate Bitcoin holders by letting firms exclude fair‑value gains from the minimum tax base.

Strategy avoids tax hit on Bitcoin after new IRS guidance
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Overview

  • The interim notices (2025-46 and 2025-49) let companies disregard fair‑value adjustments on digital assets when computing CAMT adjusted financial statement income via a new FVI Exclusion Option.
  • Treasury signaled it will fold these approaches into forthcoming proposed regulations, and companies may rely on the relief immediately; a Hedge Coordination Option also addresses certain hedging mismatches.
  • Strategy said in an SEC filing it no longer expects CAMT exposure from unrealized gains on its roughly 640,031 BTC, removing a prospective multibillion‑dollar liability.
  • Markets responded with gains, as Bitcoin climbed above $117,000 and shares of major corporate holders including Strategy advanced roughly 5%.
  • The clarification follows industry lobbying by Strategy and Coinbase and arrives as the Senate Finance Committee holds a hearing on digital‑asset taxation.