MicroStrategy计划在2027年赎回$ 1.05B的可转换高级票据

这项决定是因为该公司在2022年《降低通货膨胀法》提出的新公司替代最低税（CAMT）规则下面临潜在的税收影响。

MicroStrategy (NASDAQ: MSTR) announced plans to redeem $1.05 billion in 0% convertible senior notes due in 2027.

MicroStrategy（NASDAQ：MSTR）宣布了计划，计划在2027年应兑换10.5亿美元的0％可转换高级票据。

The decision comes as the company faces potential tax implications under new corporate alternative minimum tax (CAMT) rules introduced by the Inflation Reduction Act in 2022.

该决定是因为该公司在2022年《降低通货膨胀法》提出的新公司替代最低税（CAMT）规则下面临潜在的税收影响。

As the world’s largest Bitcoin (CRYPTO: BTC)-holding company, MicroStrategy could be subject to federal income taxes on its $18 billion in unrealized Bitcoin gains.

作为世界上最大的比特币（加密：BTC）持有公司，微型造影可能会缴纳其180亿美元未实现的比特币收益的联邦所得税。

The CAMT implements a 15% minimum tax rate based on adjusted GAAP financial statement income, a report by the Wall Street Journal noted.

《华尔街日报》的一份报告指出，CAMT根据调整后的GAAP财务报表收入来实施最低税率15％。

GAAP income represents earnings reported under standardized accounting rules, including certain unrealized gains like Bitcoin’s value increases.

GAAP收入代表标准化会计规则报告的收益，包括某些未实现的收益，例如比特币的价值增加。

The CAMT is designed to target companies that report substantial GAAP earnings but minimal taxable income on IRS filings.

CAMT旨在针对报告大量GAAP收益但IRS申请的应税收入最少的公司。

While companies like Berkshire Hathaway received exemptions for unrealized stock gains, no such provisions exist for crypto assets.

尽管像伯克希尔·哈撒韦公司（Berkshire Hathaway）这样的公司因未实现的股票收益而获得了豁免，但没有此类加密资产的规定。

MicroStrategy, which now holds $47 billion in Bitcoin, continues to lobby the IRS for similar treatment.

现在持有470亿美元比特币的MicroStrategy继续游说IRS进行类似的治疗。

“The IRS may ultimately exclude unrealized crypto gains, especially under a Trump administration, which has historically supported pro-crypto policies,” tax analyst Robert Willens told the Wall Street Journal, while adding that such exemptions aren’t guaranteed.

税务分析师罗伯特·威伦斯（Robert Willens）告诉《华尔街日报》（Wall Street Journals），同时补充说，不保证这种免税权。

Note holders can convert their securities into class A common stock prior to February 20, 2025, with conversions to be settled in stock and fractional shares paid in cash.

注意持有人可以在2025年2月20日之前将其证券转换为A级普通股，并以现金支付的股票和分数股票。