Shares of Strategy jumped 6% early Wednesday after the Trump administration issued rules that will prevent a tax from hitting the company formerly known as Microstrategy.
Until the Treasury Department guidance late Tuesday, Strategy was facing a potential liability from the corporate alternative minimum tax, the 15% levy on large companies.
The new rules effectively exempted Strategy by saying that unrealized capital gains in digital assets wouldn’t count toward the tax. Strategy has more than $74 billion in bitcoin and more than $27 billion in unrealized gains.
