Bitcoin News Today: Strategy's Bitcoin Bet, Shielded by Tax Rules, Near Tech Giants' Cash Reserves

Strategy's Bitcoin holdings have surged to nearly $80 billion, positioning the company as a formidable player in corporate treasury assets, rivaling cash reserves of tech giants such as Microsoft, Amazon, and Google. As of Monday, Strategy's 640,031 Bitcoin (BTC) stash reached a record high valuation following Bitcoin's climb to $126,080, pushing its corporate treasury value close to $80 billion. This figure approaches the cash holdings of Microsoft ($97 billion), Amazon ($95 billion), and Google ($95 billion), according to filings and market data. The company's Bitcoin reserves, purchased at an average price of $73,981, have generated a 65% gain, or $30.4 billion, in unrealized profits.

The IRS's recent interim guidance on the Corporate Alternative Minimum Tax (CAMT) has further bolstered Strategy's position. The guidance clarifies that unrealized gains on digital assets like Bitcoin will not be included in adjusted financial statement income (AFSI), exempting Strategy from the 15% CAMT. This development has alleviated concerns over potential tax liabilities, with analysts noting it strengthens the company's ability to continue expanding its Bitcoin treasury without incremental tax burdens. Shares of Strategy (MSTR) rose 6.5% in midday trading after the announcement, while Bitcoin's price recovered nearly 4% over 24 hours, trading above $117,000.

Corporate Bitcoin adoption has accelerated in 2025, with over 200 public companies now holding Bitcoin, up from fewer than 100 at the start of the year. Strategy's holdings have outpaced those of competitors like Tesla, which owns 11,509 BTC valued at $1.4 billion-less than 4% of its total $37 billion cash reserves. Meanwhile, Microsoft and Meta rejected shareholder proposals to allocate portions of their cash reserves to Bitcoin in 2024 and 2025, citing volatility concerns. These decisions left both firms missing out on double-digit gains as Bitcoin's value surged.

Strategy's strategic Bitcoin accumulation has also drawn attention for its financial performance. The company reported $14.05 billion in unrealized gains on its digital assets by the end of Q2 2025 and paused Bitcoin purchases to focus on a $4.2 billion stock sale. Despite the pause, its BTC holdings remain steady at 597,325 coins, with a carrying value of $64.36 billion as of June 30, 2025. Analysts project Strategy will post net income of $2.9 billion in Q3, driven by its Bitcoin reserves, marking the second consecutive profitable quarter.

Market observers highlight Bitcoin's role as a hedge against currency debasement, with JPMorgan analysts labeling it a "debasement trade" to counter U.S. dollar inflation and a national debt exceeding $38 trillion. BlackRock's Larry Fink, once skeptical of Bitcoin, recently predicted the asset could reach $700,000 if fears of monetary erosion persist. Strategy's treasury strategy aligns with this narrative, as its Bitcoin holdings serve as a buffer against the diminishing value of traditional cash reserves.

The surge in corporate Bitcoin adoption has not been without challenges. At least seven crypto treasury firms now trade below their holdings' value, raising concerns about valuation sustainability. Critics argue that debt-funded share buybacks by some companies signal desperation amid market volatility. However, Strategy's disciplined approach-focusing on long-term gains and regulatory clarity-positions it as a leader in the evolving corporate treasury landscape.

Source: [1] MSTR Stock Rallies After Strategy Says Bitcoin Gains Exempted From Corporate Minimum Tax (https://stocktwits.com/news-articles/markets/equity/mstr-stock-rallies-after-strategy-says-bitcoin-gains-exempted-from-corporate-minimum-tax/chCYarQR3Ob)

[2] Strategy's Bitcoin Near to Rivaling Tech Giants' Treasuries (https://cointelegraph.com/news/strategys-bitcoin-nears-amazon-google-microsoft-cash-positions)

[3] Strategy to Raise $4.2B as Q2 Unrealized Bitcoin Gains Hit $14B (https://co.headtopics.com/news/strategy-to-raise-4-2b-as-q2-unrealized-bitcoin-gains-hit-70947096)

[5] Bitcoin Rallies Past $117,000 as the US Government Shuts Down (https://sherwood.news/crypto/bitcoin-rallies-past-usd117-000-as-the-us-government-shuts-down/)

[8] Strategy's $78B Bitcoin Nears Amazon's 2nd-Largest Corporate Treasury (https://www.fxstreet.com/cryptocurrencies/news/strategys-78b-bitcoin-nears-amazons-2nd-largest-corporate-treasury-202510080524)