Strategy Stock Climbs After IRS Tax Reprieve

Shares of Strategy jumped 6% early Wednesday after the Trump administration issued rules that will prevent a tax from hitting the company formerly known as Microstrategy. Until the Treasury Department guidance late Tuesday, Strategy was facing a potential liability from the corporate alternative minimum tax, the 15% levy on large companies. Strategy has more than $74 billion in bitcoin and more than $27 billion in unrealized gains.

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