Strategy’s Saylor ‘In Dialogue’ With IRS Over Looming Tax Bill

Strategy, formally known as MicroStrategy Inc., is in talks about alleviating a potential tax bill from unrealized gains on the company’s Bitcoin holdings that could leaving it owing billions of dollars even if it doesn’t sell any of the cryptocurrency.

“We’ve been in dialogue with the IRS on this matter, and we’re also in dialogue with members of the cabinet and with supporters on Capitol Hill and the Senate and the House,” Strategy Chairman Michael Saylor said during a conference call Wednesday.

The Tysons Corner, Virginia-based enterprise software company turned leveraged Bitcoin proxy had a net loss of $670.8 ...