Strategy (MSTR) reports $14.05B unrealized gain on bitcoin, offset by $4.04B tax expense

Strategy (MSTR) reported a $14.05B unrealized gain on bitcoin for the quarter ended June 30, offset by a $4.04B deferred tax expense. The company no longer accounts for bitcoin using a cost-less-impairment model, adopting ASU 2023-08 on January 1, 2025. Market value fluctuations now impact deferred tax liability.

Source: TheFly

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Read more at Yahoo Finance: Strategy reports unrealized gain on digital assets for Q2 of $14.05B