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The Inflation Reduction Act, which took effect in 2023, imposes a 15% Corporate Alternative Minimum Tax on companies averaging over $1 billion in profits for three consecutive years, a provision that unexpectedly captured unrealized crypto gains

Financial Accounting Standards Board, after Corporate Alternative Minimum Tax was enacted, mandated to account digital assets at market value, replacing the previous treatment of digital assets as an indefinite-lived intangible asset subject to irreversible impairment losses—a shift long sought by companies like MicroStrategy

Financial Accounting Standards Board’s requirement to account digital assets at market value combined with Corporate Alternative Minimum Tax liabilities, creates unintended tax consequences as firms are now potentially taxed on unrealized gains from appreciated digital assets

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