The US tax authorities do not want to exempt cryptocurrency holders from the law yet

The danger came from an unexpected source. Large companies in the US must pay a minimum tax of 15% of the profit reflected in the financial statements, including "paper". This requirement was introduced as part of the Inflation Reduction Act of 2022. According to the calculations of The Wall Street Journal, MicroStrategy's unrealized profit now amounts to about $18 billion: this is how much it could have earned if it had immediately sold all its bitcoins. This means that it could be charged at least $2 billion in taxes.