The US Treasury Department and the IRS have issued interim guidance. This highlights plans to relax Alternative Minimum Tax (CAMT) rules for businesses that require taxes on unrealized Bitcoin profits. With this new guidance on the Ministry of Finance’s CAMT regulations, companies like Strategy no longer expect to be subject to the regulations due to the unrealized benefits of BTC holdings.
Details of the Ministry of Finance’s interim guidance on camt rules
In the release, the Treasury Department and the IRS announced plans for CAMT to withdraw partially proposed regulations and issue revised regulations. Under previously proposed regulations, companies like Strategy would have had to pay taxes on unrealized Bitcoin profits. The rules would have been applied to the strategy from next year.
The Ministry of Finance’s CAMT regulations propose a 15% minimum tax on financial statement revenues of large corporations. Meanwhile, the Financial Accounting Standards Board (FASB) rules required companies like Strategies to record their BTC holdings at MARK-to-market prices.
However, the interim guidance makes it clear that these companies may ignore unrealized profits and losses in crypto holdings when calculating their adjusted financial statement revenue (AFSI) to determine whether they are covered by a 15% CAMT.
Strategies and top crypto exchange Coinbase opposed CAMT’s proposed regulations, urging the Treasury to rule out cryptocurrency benefits, noting that the tax rules are unfair as they did not apply to traditional assets.
Crypto Senator Cynthia Ramis also argued against the Treasury Department’s CAMT rules, in particular introducing a tax bill aimed at eliminating double taxation and promoting innovation. Following the release of this latest guidance from the Treasury Department and the IRS, Lummis said the Trump administration was just offered for American innovation.
She noted that the interim guidance addresses the CAMT issue, which threatened Bitcoin’s unrealized profits. The senator added that this leadership clears the way the US becomes the global BTC superpower.
The Trump administration’s Treasury Department was just provided for American innovation.
This leadership clears the path for the United States to become a world #bitcoin Super power. 🇺🇸
thank you @stereasy & @RealdonaldTrump.
– Senator Cynthia Ramis (@senlummis) September 30, 2025
The strategy hopes to be exempt from the rules under new guidance
In a submission of the SEC, Michael Saylor’s strategy said in line with the provisional guidance on the Department of Treasury CAMT regulations, it plans to exclude unrealized gains and losses from the AFSI calculations with the aim of determining whether they are covered by CAMT.
Based on this, the company does not expect to be subject to CAMT for unrealized profits at Bitcoin Holdings. The strategy currently holds 640,031 BTC, which was acquired for $473.5 billion. These holdings are worth around $74 billion at current BTC prices.
The company registered $14 billion of unrealized profits with Bitcoin Holdings in the second quarter of this year. This was disclosed at the time that it would be subject to the Ministry of Finance’s CAMT regulations for the tax year that begins in 2026.
Strategic stocks are up almost 3% today, following new tax guidance. TradingView data shows that the stock is currently trading at around $331.
