Treasury to Exempt Bitcoin from 15% CAMT Tax on Unrealized Gains, Saving Strategy Billions

The Treasury Department is preparing to formally exempt crypto holdings from the Corporate Alternative Minimum Tax (CAMT), which would eliminate a potential multibillion-dollar tax liability for companies like Strategy that hold substantial Bitcoin ￰1￱ to Eleanor Terret , the move addresses the 15% minimum tax on large corporations’ financial statement income that would have forced companies to pay taxes on unrealized digital asset gains under accounting rules requiring mark-to-market ￰2￱ currently holds approximately 640,031 Bitcoin , worth over $74 billion, with unrealized gains of over $27 billion, facing potential federal tax liabilities estimated in the billions starting in 2026 under the Biden-era Inflation Reduction Act provision .) September 24, 2025 The session examined how existing tax rules for securities and commodities should apply to digital ￰3￱ Cynthia Lummis and Bernie Moreno had previously urged Treasury Secretary Scott Bessent to address what they called an “ unintended tax burden ” on digital asset ￰4￱ lawmakers argued that CAMT could harm ￰5￱ by forcing American firms to sell tokens to cover tax liabilities while foreign rivals face no such ￰6￱ issue stems from Financial Accounting Standards Board rules adopted after CAMT enactment that require companies to use fair value accounting for certain crypto ￰7￱ CAMT calculates tax liability based on companies’ financial statement income, the combination creates current taxation on unrealized appreciation even when no income exists under standard tax ￰8￱ Concerns and Industry Coordination Drive Policy Shift Strategy and Coinbase raised substantial constitutional concerns in their May 30 submission to the Internal Revenue Service, arguing that taxing unrealized gains through CAMT conflicts with the Sixteenth Amendment’s income tax ￰9￱ companies noted additional issues under the private non-delegation doctrine, as the tax results from decisions made by FASB, a private organization focused on accounting standards rather than tax ￰10￱ exemption maintains tax parity between domestic and foreign corporations, as international financial reporting standards do not require mark-to-market accounting for crypto ￰11￱ addresses the competitive disadvantages faced by U.

S.-based companies subject to Generally Accepted Accounting Principles. Treasury’s revised applicability rules allow taxpayers to rely on any single section of proposed CAMT regulations without adopting all provisions, or to follow interim guidance in recent notices without following any proposed ￰12￱ section of proposed or forthcoming regulations will apply to any taxable year beginning before corresponding final regulations are published in the Federal ￰13￱ White House crypto report is here — but does it give us any updates about Donald Trump's strategic Bitcoin reserve? #Crypto #USA ￰0￱ — ￰14￱ (@cryptonews) July 31, 2025 The exemption aligns with Executive Order 14178 on “Strengthening American Leadership in Digital Financial Technology,” which aims to promote ￰15￱ in digital assets while protecting economic ￰16￱ guidance also supports Executive Order 14219 ‘s directive to identify regulations that harm national interests by impeding technological innovation.

Currently, companies like Strategy face January 2026 as the initial deadline for potential CAMT liabilities if exemptions are not granted.