新的FASB会计规则可能帮助特斯拉预订了6亿美元的比特币利润，但它可能会以巨大的税单来降落微观。

特斯拉2024年第四季度的净收入约占其比特币持有量。由于财务会计标准委员会（FASB）的加密资产指南的变化，该公司能够预订这些比特币衍生的利润。

A recent change in accounting rules might have helped deliver a $600 million profit on bitcoin (BTCUSD) holdings for Tesla (TSLA), but the same rule could potentially leave MicroStrategy (MSTR) with a multi-billion dollar tax bill.

最新的会计规则变更可能有助于对特斯拉（TSLA）的比特币（BTCUSD）持有的6亿美元利润，但同样的规则可能会使微型票据（MSTR）以数十亿美元的税费使MicroStrategy（MSTR）。

Roughly 26% of Tesla's net income for the fourth quarter of 2024 came from its bitcoin holdings. The company was able to book these bitcoin-derived profits due to a change in Financial Accounting Standards Board (FASB) guidelines for crypto assets.

特斯拉2024年第四季度的净收入约占其比特币持有量。由于财务会计标准委员会（FASB）的加密资产指南的变化，该公司能够预订这些比特币衍生的利润。

What The New Rule Means For Bitcoin-Owning Companies

新规则对比特币拥有公司意味着什么

The new rules or ASU 2023-08 allow companies with bitcoin holdings to account for its value on a mark-to-market basis or depending on where it's trading at in the markets.

新的规则或ASU 2023-08允许拥有比特币持有的公司以标记到市场的基础或根据市场交易的位置来计算其价值。

"The primary advantage of the FASB’s new rules concerning the new mark-to-market rule for corporate digital asset holdings are that it will allow companies to provide the value of their digital assets in real time," Miller & Company LLP Managing Partner & CPA Paul Miller told Investopedia.

“ FASB关于公司数字资产持有的新标记市场规则的新规则的主要优势是，它将允许公司实时提供其数字资产的价值，”保罗·米勒（Paul Miller）告诉Investopedia。

Under previous FASB guidelines, bitcoin was treated as an “indefinite-lived intangible asset,” forcing companies to write down its value when prices dropped but preventing them from recording gains unless the asset was sold.

根据以前的FASB准则，比特币被视为“无限期无形资产”，迫使公司在价格下降时降低其价值，但除非出售资产，否则将其记录下来。

The old system frustrated MicroStrategy’s founder, Michael Saylor, who argued it got in the way of adoption of bitcoin as a corporate treasury asset.

旧系统使Microstrategy的创始人Michael Saylor感到沮丧，后者认为它阻碍了比特币作为公司财政部资产的方式。

Why MicroStrategy May Land a Huge Tax Bill

为什么微型策略可能会达成巨大的税单

Bitcoin's been on a tear last year and remains strong well into this year. Based on the new rules, MicroStrategy's bitcoin buying spree has left it with roughly $18 billion in unrealized bitcoin gains, The Wall Street Journal reported recently. That could create a tax bill worth billions for MicroStrategy.

去年比特币一直流泪，直到今年仍然很强劲。根据新的规定，Microstrategy的比特币购买狂潮使其具有大约180亿美元的未实现的比特币收益。这可能会为微观流通造成价值数十亿美元的税单。

This reclassification of crypto assets on its books has made MicroStrategy potentially vulnerable to a 15% tax on unrealized bitcoin gains under the Inflation Reduction Act’s Corporate Alternative Minimum Tax (CAMT). That means the company could face taxes on these gains starting 2026, even without selling a single coin—a risk it acknowledged in a recent regulatory filing.

在其书籍上进行加密资产的这种重新分类使MicroStrategy在《降低通货膨胀法》的公司替代最低税（CAMT）下，可能对未实现的比特币收益征收15％的税。这意味着该公司从2026年开始就可以面对这些收益的税收，即使不出售一枚硬币，这是在最近的一份监管文件中承认的风险。

"As a result of the enactment of the IRA and our adoption of ASU 2023-08 on January 1, 2025, unless the proposed regulations with respect to CAMT are revised to provide relief, we could become subject to the corporate alternative minimum tax in the tax years 2026 and beyond," MicroStrategy said.

“由于IRA的颁布以及我们在2025年1月1日对ASU 2023-08采用的结果，除非对CAMT提议的法规进行修订以提供救济，否2026年及以后的纳税年度。” Microstrategy说。

Although MicroStrategy remains one of the biggest corporate bitcoin owners, other listed companies, such as Marathon Digital (MARA), Riot Platforms (RIOT), Semler Scientific (SMLR), are following its bitcoin buying playbook and could be affected by this rule change.

尽管MicroStrategy仍然是最大的公司比特币所有者之一，但其他上市公司，例如Marathon Digital（Mara），Riot Platforms（Riot），Semler Scientific（SMLR），正在遵循其比特币购买剧本，并可能受到此规则更改的影响。