According to online reports, CryptoQuant issued a document saying that according to Strategy (MSTR)'s latest SEC filing, as of June 30, 2025, the company held 597,000 bitcoins with a purchase price of US$42.4 billion and a current market value of US$64.4 billion. However, new accounting rule ASU 2023-08 requires companies to report Bitcoin assets at fair value even if they are not actually sold, which could trigger a 15% corporate minimum tax rate (CAMT) starting in 2026. Strategy made it clear in the filing that the company "may need to liquidate some of its Bitcoin holdings or issue additional debt or equity securities to raise enough cash to meet tax obligations." This means tax pressures could force Strategy to sell some of its Bitcoin positions in the future to cover actual tax bills arising from unrealized gains.