未實現的比特幣收益可能對微觀造成挑戰

根據《華爾街日報》的一份報告，商業情報公司MicroStrategy可能會在其未實現的比特幣（BTC）收益上面臨重大稅收負債

Business intelligence firm MicroStrategy may face substantial tax liabilities on its unrealized Bitcoin (BTC) gains, which currently amount to $19 billion, according to a report by The Wall Street Journal.

根據《華爾街日報》的一份報告，商業情報公司MicroStrategy可能面臨其未實現的比特幣（BTC）收益的實質性稅收負債，目前總計190億美元。

As the world’s largest corporate BTC holder, MicroStrategy boasts over 430,000 BTC on its balance sheet, valued at more than $47 billion. The US-based company has raised funds through stock and debt offerings over the years to finance its BTC purchases.

作為世界上最大的公司BTC持有人，MicroStrategy在其資產負債表上擁有超過430,000 BTC，價值超過470億美元。多年來，這家總部位於美國的公司通過股票和債務籌集了資金，以資助其BTC購買。

Despite not having sold any Bitcoin to date, MicroStrategy may be obliged to pay billions in taxes on its holdings due to the Corporate Alternative Minimum Tax (CAMT) provision included in the Inflation Reduction Act of 2022. The CAMT imposes a 15% tax rate based on an adjusted version of a corporation’s earnings.

儘管迄今尚未出售過任何比特幣，但由於公司替代最低稅（CAMT）規定，MicroStrategy可能有義務支付數十億美元的稅款，這是2022年的《降低通貨膨脹法》。在公司收益的調整後版本上。

While the Internal Revenue Service (IRS) grants exemptions for unrealized gains from securities like common stock, such exemptions have not yet been extended to unrealized gains on cryptocurrency assets like Bitcoin.

儘管國稅局（IRS）授予了從普通股（如普通股）中未實現的證券收益的豁免，但此類豁免尚未擴展到對比特幣等加密貨幣資產的未實現收益。

According to tax analyst Robert Willens, the IRS may create rules that favor MicroStrategy, especially given Donald Trump’s pro-crypto stance during his presidency. However, Willens cautions that such an outcome is not guaranteed.

根據稅務分析師羅伯特·威倫斯（Robert Willens）的說法，美國國稅局（IRS）可能會制定有利於微紋身的規則，特別是考慮到唐納德·特朗普（Donald Trump）在擔任總統期間的親克賴特托（Crypto）立場。但是，威倫斯警告說，不能保證這樣的結果。

“If the Biden group was still in place, they probably wouldn’t get the exemption. It would be easy to slot crypto assets into the same exemption that stocks are going to enjoy, because there’s no real difference in the accounting,” he said.

“如果拜登集團仍然存在，他們可能不會獲得豁免。將加密資產放入與股票所享受的豁免相同的豁免會很容易，因為會計沒有真正的差異。”他說。

Should MicroStrategy be required to pay taxes on its unrealized Bitcoin gains, the company might have to sell off a portion of its holdings to raise cash. Such a move could unsettle the volatile crypto market, potentially triggering a broader market-wide downturn.

如果要求MicroStrategy對其未實現的比特幣收益繳稅，則該公司可能必須出售其部分持股量以籌集現金。這樣的舉動可能會使揮發性的加密貨幣市場感到不安，從而有可能引發更廣泛的市場衰退。

Both MicroStrategy and Coinbase have petitioned the US Treasury and IRS to exclude unrealized crypto gains from the adjusted financial income calculation under the CAMT. In their request, the firms argued that such measures are necessary to “avoid serious unintended consequences for U.S. corporations holding substantial cryptocurrency.”

MicroStrategy和Coinbase都向美國財政部和IRS請願，將未實現的加密貨幣收益排除在CAMT下的調整後的財務收入計算中。在他們的要求下，公司認為，這種措施是“避免對擁有大量加密貨幣的美國公司造成嚴重意外後果”的必要措施。”

As the tax season approaches, the IRS is ramping up its efforts to ensure greater transparency in cryptocurrency transactions. Recently, the agency introduced a new reporting system for centralized exchanges to track crypto transactions more effectively.

隨著稅收季節的臨近，美國國稅局正在加強其努力，以確保加密貨幣交易的更高透明度。最近，該機構引入了一種新的報告系統，用於集中式交流，以更有效地跟踪加密交易。

The IRS has also clarified its position on crypto staking, stating that any rewards generated from staking are taxable upon receipt. According to the agency, staking rewards are not considered new property and should be taxed immediately upon acquisition.

美國國稅局還闡明了其在加密貨幣積分方面的立場，並指出，從積累產生的任何獎勵都應在收到後徵稅。根據該機構的說法，存放獎勵不被視為新財產，應在收購後立即徵稅。

Meanwhile, financial advisors are becoming more optimistic in the wake of Trump’s victory in the US presidential election. A majority of advisors are now showing greater willingness to explore investments in digital assets. At press time, Bitcoin is trading at $105,523, up 2.6% over the past 24 hours.

同時，在特朗普在美國總統大選中獲勝後，財務顧問變得越來越樂觀。現在，大多數顧問都表現出更大的願意探索數字資產的投資。發稿時，比特幣的交易價格為105,523美元，在過去的24小時內增長了2.6％。