Under the amendments, cryptocurrencies will be classified as property for tax purposes. Income generated from mining activities will be taxed based on the market value of the mined cryptocurrency at the time of receipt.
The notes, which mature on December 1, 2029, will not bear interest or accrete principal and will be convertible under specific conditions into cash, shares of MicroStrategy’s class A common stock, or a combination of both, at the company's discretion.
Kennedy’s Bitcoin advocacy spans years, focusing on the cryptocurrency’s decentralized, supply-capped nature as a safeguard against economic instability.
This speculation comes on the heels of DOG’s recent listing on Kraken futures on November 15, which triggered a significant rally over the weekend.
Saylor attributed part of his optimism to Donald Trump's election victory, which he believes has clarified the regulatory landscape for cryptocurrencies in the United States.
