[8-K] Strategy Inc Reports Material Event
Strategy Inc (MSTR) reports that Accounting Standards Update 2023-08 will require it to measure its bitcoin holdings at fair value on the statement of financial position and to recognize gains and losses from changes in bitcoin fair value in net income each reporting period. The filing notes the company had a significant unrealized gain on digital assets as of June 30, 2025, and that management expects the company will become subject to the Corporate Alternative Minimum Tax (CAMT) in tax years beginning in 2026. The report references the companys Form 10-Q filed August 5, 2025, and contains standard forward-looking statement disclaimers.
Strategy Inc (MSTR) afferma che l'Accounting Standards Update 2023-08 richiederà di misurare le sue partecipazioni in bitcoin al fair value nello stato patrimoniale e di riconoscere gli utili e le perdite derivanti dalle variazioni del fair value del bitcoin nel reddito netto in ciascun periodo di rendicontazione. Nell’atto presentato si segnala una consistente rivalutazione non realizzata di asset digitali al 30 giugno 2025 e che la direzione prevede che l’azienda diventerà soggetta all’Corporate Alternative Minimum Tax (CAMT) per gli anni fiscali che iniziano nel 2026. Il rapporto fa riferimento al Form 10-Q dell’azienda depositato il 5 agosto 2025 e contiene i consueti avvisi di dichiarazioni previsionali.
Strategy Inc (MSTR) informa que la Actualización de Normas Contables 2023-08 exigirá medir sus tenencias de bitcoin a su valor razonable en el balance y reconocer las ganancias y pérdidas por cambios en el valor razonable del bitcoin en los ingresos netos en cada periodo de reporte. La presentación señala una ganancia no realizada significativa en activos digitales al 30 de junio de 2025 y que la dirección espera que la empresa quede sujeta al CAMT en los años fiscales que comiencen en 2026. El informe hace referencia al Form 10-Q de la empresa presentado el 5 de agosto de 2025 y contiene los avisos de declaraciones prospectivas estándar.
Strategy Inc (MSTR)는 회계기준 업데이트 2023-08에 따라 비트코인 보유분을 재무상태표에서 공정가치로 측정하고, 비트코인 공정가치 변동으로 인한 이익과 손실을 매 보고기간의 순이익에 인식해야 한다고 발표했습니다. 공시는 2025년 6월 30일 현재 디지털 자산에서 상당한 미실현 이익이 있으며, 경영진은 2026년부터 시작하는 과세연도에서 기업이 CAMT의 대상이 될 것으로 예상한다고 명시합니다. 보고서는 2025년 8월 5일에 제출된 회사의 Form 10-Q를 언급하고 있으며 일반적인 미래지향적 진술 면책 조항을 포함하고 있습니다.
Strategy Inc (MSTR) indique que la mise à jour des normes comptables 2023-08 obligera à mesurer ses avoirs en bitcoins à leur juste valeur dans l’état de la situation financière et à comptabiliser les gains et pertes liés aux variations de la juste valeur du bitcoin dans le résultat net à chaque période de reporting. Le dépôt mentionne qu’à la date du 30 juin 2025, l’entreprise présentait une importante plus-value latente sur les actifs numériques et que la direction prévoit que l’entreprise sera soumise à la CAMT à partir des années fiscales débutant en 2026. Le rapport renvoie au Form 10-Q déposé le 5 août 2025 et contient les avertissements usuels relatifs aux déclarations prospectives.
Strategy Inc (MSTR) meldet, dass der Accounting Standards Update 2023-08 es erfordern wird, seine Bitcoin-Bestände in der Bilanz mit dem fair value zu bewerten und Gewinn und Verlust aus Änderungen des Bitcoin-Fair-Value im Jahresüberschuss in jeder Berichtsperiode zu erfassen. Die Einreichung verweist auf die Form 10-Q des Unternehmens, eingereicht am 5. August 2025, und erwähnt, dass das Unternehmen zum 30. Juni 2025 eine beträchtliche unrealisierte Wertsteigerung bei digitalen Vermögenswerten ausgewiesen hat und dass das Management erwartet, dass das Unternehmen in Steuerjahren ab 2026 der CAMT unterliegen wird. Der Bericht verweist auf das Form 10-Q und enthält die üblichen Zukunftsaussage-Hinweise.
تعلن Strategy Inc (MSTR) أن تحديث المعايير المحاسبية 2023-08 سيتطلب قياس ممتلكاتها من البيتكوين عند القيمة العادلة في قائمة المركز المالي، وتسجيل الأرباح والخسائر الناتجة عن تغيرات القيمة العادلة للبيتكوين في صافي الدخل في كل فترة تقارير. يلاحظ القيد وجود ربح غير محقق كبير على الأصول الرقمية حتى 30 يونيو 2025، وأن الإدارة تتوقع أن تصبح الشركة خاضعة لضريبة الحد الأدنى البديل للشركات CAMT في سنوات الضرائب ابتداءً من 2026. يشير التقرير إلى نموذج Form 10-Q المقدم في 5 أغسطس 2025، ويحتوي على الإيضاحات الافتراضية القياسية.
Strategy Inc（MSTR）宣布，会计准则更新 2023-08 将要求在资产负债表中以公允价值计量其比特币持有，并在每个报告期的净收入中确认比特币公允价值变动所产生的收益和损失。 披露指出截至 2025 年 6 月 30 日，数字资产存在显著的未实现收益，管理层预计公司将于 2026 年起纳入 CAMT 的纳税年度。该报告提到公司于 2025 年 8 月 5 日提交的 Form 10-Q，并包含标准的前瞻性声明免责声明。
- Company discloses adoption of ASU 2023-08 requiring transparent fair-value accounting for bitcoin holdings
- Filing references Form 10-Q (Aug 5, 2025), linking this disclosure to the companys recent quarterly report
- Company expects to be subject to CAMT in tax years beginning 2026 due to a large unrealized gain on digital assets as of June 30, 2025
- ASU 2023-08 will route bitcoin gains and losses through net income, potentially increasing reported earnings volatility
Insights
TL;DR: ASU 2023-08 forces mark-to-market accounting for bitcoin, moving unrealized crypto gains and losses through net income.
The filing explicitly states that ASU 2023-08 requires the company to measure bitcoin at fair value on the balance sheet and recognize changes in fair value in net income each reporting period. This changes the timing and volatility of earnings recognition for digital assets previously accounted for differently. The disclosure is procedural and clarifies the accounting treatment the company will apply; it does not provide quantitative impacts beyond noting a material unrealized gain as of June 30, 2025.
TL;DR: The company expects CAMT exposure beginning in 2026 due to a large unrealized gain on digital assets.
The filing states that, given the magnitude of the unrealized gain on digital assets as of June 30, 2025, the company expects to become subject to the Corporate Alternative Minimum Tax in tax years starting 2026. This is a concrete tax-status change mentioned by management; the filing does not quantify the projected tax liability or its effect on net income or cash taxes.
Strategy Inc (MSTR) afferma che l'Accounting Standards Update 2023-08 richiederà di misurare le sue partecipazioni in bitcoin al fair value nello stato patrimoniale e di riconoscere gli utili e le perdite derivanti dalle variazioni del fair value del bitcoin nel reddito netto in ciascun periodo di rendicontazione. Nell’atto presentato si segnala una consistente rivalutazione non realizzata di asset digitali al 30 giugno 2025 e che la direzione prevede che l’azienda diventerà soggetta all’Corporate Alternative Minimum Tax (CAMT) per gli anni fiscali che iniziano nel 2026. Il rapporto fa riferimento al Form 10-Q dell’azienda depositato il 5 agosto 2025 e contiene i consueti avvisi di dichiarazioni previsionali.
Strategy Inc (MSTR) informa que la Actualización de Normas Contables 2023-08 exigirá medir sus tenencias de bitcoin a su valor razonable en el balance y reconocer las ganancias y pérdidas por cambios en el valor razonable del bitcoin en los ingresos netos en cada periodo de reporte. La presentación señala una ganancia no realizada significativa en activos digitales al 30 de junio de 2025 y que la dirección espera que la empresa quede sujeta al CAMT en los años fiscales que comiencen en 2026. El informe hace referencia al Form 10-Q de la empresa presentado el 5 de agosto de 2025 y contiene los avisos de declaraciones prospectivas estándar.
Strategy Inc (MSTR)는 회계기준 업데이트 2023-08에 따라 비트코인 보유분을 재무상태표에서 공정가치로 측정하고, 비트코인 공정가치 변동으로 인한 이익과 손실을 매 보고기간의 순이익에 인식해야 한다고 발표했습니다. 공시는 2025년 6월 30일 현재 디지털 자산에서 상당한 미실현 이익이 있으며, 경영진은 2026년부터 시작하는 과세연도에서 기업이 CAMT의 대상이 될 것으로 예상한다고 명시합니다. 보고서는 2025년 8월 5일에 제출된 회사의 Form 10-Q를 언급하고 있으며 일반적인 미래지향적 진술 면책 조항을 포함하고 있습니다.
Strategy Inc (MSTR) indique que la mise à jour des normes comptables 2023-08 obligera à mesurer ses avoirs en bitcoins à leur juste valeur dans l’état de la situation financière et à comptabiliser les gains et pertes liés aux variations de la juste valeur du bitcoin dans le résultat net à chaque période de reporting. Le dépôt mentionne qu’à la date du 30 juin 2025, l’entreprise présentait une importante plus-value latente sur les actifs numériques et que la direction prévoit que l’entreprise sera soumise à la CAMT à partir des années fiscales débutant en 2026. Le rapport renvoie au Form 10-Q déposé le 5 août 2025 et contient les avertissements usuels relatifs aux déclarations prospectives.
Strategy Inc (MSTR) meldet, dass der Accounting Standards Update 2023-08 es erfordern wird, seine Bitcoin-Bestände in der Bilanz mit dem fair value zu bewerten und Gewinn und Verlust aus Änderungen des Bitcoin-Fair-Value im Jahresüberschuss in jeder Berichtsperiode zu erfassen. Die Einreichung verweist auf die Form 10-Q des Unternehmens, eingereicht am 5. August 2025, und erwähnt, dass das Unternehmen zum 30. Juni 2025 eine beträchtliche unrealisierte Wertsteigerung bei digitalen Vermögenswerten ausgewiesen hat und dass das Management erwartet, dass das Unternehmen in Steuerjahren ab 2026 der CAMT unterliegen wird. Der Bericht verweist auf das Form 10-Q und enthält die üblichen Zukunftsaussage-Hinweise.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01 | Other Events. |
Treasury and IRS Publish Interim CAMT Guidance
On September 30, 2025, the Department of the Treasury (the “Treasury”) and the Internal Revenue Service (“IRS”) issued interim guidance (the “Interim Guidance”) which, in relevant part, clarifies that a corporation may disregard unrealized gains and losses on its digital asset holdings when computing adjusted financial statement income (“AFSI”) for purposes of determining whether it is subject to the 15% corporate alternative minimum tax (“CAMT”) under the Inflation Reduction Act of 2022 (the “IRA”). The Treasury and IRS intend to issue revised proposed regulations similar to this Interim Guidance.
Strategy No Longer Expects to be Subject to CAMT
In September 2024, the Treasury and IRS issued proposed regulations with respect to the application of CAMT. Under such proposed regulations, unless an exemption applies, the proposed regulations would impose a 15% CAMT on a corporation with respect to an initial tax year and subsequent tax years if the average annual AFSI for any consecutive three-tax-year period preceding the initial tax year exceeds $1 billion. On January 1, 2025, Strategy Inc (the “Company”) adopted Accounting Standards Update No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets (“ASU 2023-08”). ASU 2023-08 requires the Company to measure its bitcoin holdings at fair value in its statement of financial position, with gains and losses from changes in the fair value of its bitcoin recognized in net income each reporting period. The Company previously disclosed that, given the magnitude of the unrealized gain on its digital assets as of June 30, 2025, the Company expected that it would become subject to CAMT in the tax years beginning in 2026 and beyond.
Pursuant to the Interim Guidance, the Company plans to exclude its unrealized gains and losses from the calculation of its AFSI for purposes of determining whether it is subject to CAMT. As a result, the Company no longer expects to become subject to CAMT due to unrealized gains on its bitcoin holdings.
Forward-Looking Statements
Statements in this Current Report on Form 8-K about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the future applicability of CAMT to the Company and CAMT-related final regulations. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including market conditions, the other factors discussed in the “Risk Factors” section of the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 5, 2025, and the risks described in other filings that the Company may make with the Securities and Exchange Commission. Any forward-looking statements contained in this Current Report on Form 8-K speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: October 1, 2025 | Strategy Inc (Registrant) | |||||
| By: | /s/ W. Ming Shao | |||||
| Name: | W. Ming Shao | |||||
| Title: | Executive Vice President & General Counsel | |||||
FAQ
What does ASU 2023-08 require for MSTR's bitcoin accounting?
Will MSTR be subject to CAMT and when?
Which filing does this 8-K reference for additional information?
Does the filing quantify the tax or earnings impact?
Are there forward-looking statements in the 8-K?
