Strategy has one of the most significant corporate bitcoin reserves, with a bitcoin reserve of around 597,000 as of June 2025. The firm purchased this stake at a value of $42.4 billion. The unrealized profit is significant, about $51.5 billion at current market prices. Irrespective of this increase, the recent regulatory filing by the company reads that several risks would compel the company to sell some of its holdings.
As Strategy on July 7, it may consider selling Bitcoin to cover future tax liabilities. The new fair value accounting rule (ASU 2023-08) requires companies to recognize unrealized income from digital assets, which could lead to tax obligations. Beginning in 2026, Strategy will be subject to a 15% Corporate Alternative Minimum Tax (CAMT) on these gains.
The company stated that it may be compelled to offload Bitcoin or raise capital in the form of either debt or equity to cover taxes. This could occur even in an adverse market environment, which would make its profitability volatile.
