New Internal Revenue Service guidance will relieve tax burdens on companies that hold cryptocurrencies and other assets, though it is limited to certain types of businesses.

The IRS published interim guidance earlier this week announcing that C Corporations — a certain type of business — generating more than $1 billion in revenue no longer need to pay taxes on unrealized capital gains under the Corporate Alternative Minimum Tax, a move which benefits firms like Strategy (MSTR) and Mara Holdings (MARA) given the sheer amount of Bitcoin (BTC) these firms hold on their balance sheets. Both companies said they would benefit from the guidance.

Brett Cotler, a partner at the law firm Seward & Kissel, said that this would primarily apply to larger corporations, including Digital Asset Treasury

See Full Page