---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-225904"
form_type: "8-K"
ticker: "MSTR"
cik: "0001050446"
company_name: "Strategy Inc"
filed_at: "2025-10-01T23:59:59+00:00"
generated_at: "2026-05-17T05:01:47.337499+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Strategy Inc avoids CAMT as IRS guidance excludes bitcoin unrealized gains from AFSI

## Summary
- Treasury/IRS interim guidance on Sept 30, 2025 allows corporations to exclude unrealized digital asset gains/losses from AFSI for CAMT.
- Company previously expected to be subject to 15% CAMT in 2026+ due to bitcoin fair value gains under ASU 2023-08.
- Based on the guidance, company no longer expects to be subject to CAMT from its bitcoin unrealized gains.
- Company adopted ASU 2023-08 on Jan 1, 2025, requiring bitcoin to be measured at fair value with gains/losses in net income.

## SEC filing metadata
- accession: 0001193125-25-225904
- form_type: 8-K
- ticker: MSTR
- cik: 0001050446
- company_name: Strategy Inc
- filed_at: 2025-10-01T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050446/000119312525225904/0001193125-25-225904-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050446/000119312525225904/d807448d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-225904
- JSON: https://secwatch.observer/filing/0001193125-25-225904.json
- Plain text: https://secwatch.observer/filing/0001193125-25-225904.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.