Shares in Michael Saylor’s Strategy (MSTR) stock rose over 6% on Wednesday after its Bitcoin holdings received a tax reprieve from the Trump Administration. Strategy was previously facing a potential liability from the corporate alternative minimum tax, the 15% levy on large companies. However, the administration’s new rules exempted Strategy by saying that unrealized capital gains in digital assets wouldn’t count toward the tax.

Strategy has more than $74 billion in bitcoin and more than $27 billion in unrealized gains. In a press release on Wednesday, Saylor’s company said it no longer expects to pay the tax. “Pursuant to the Interim Guidance, the Company plans to exclude its unrealized gains and losses from the calculation of its AFSI for purposes of determining whether it is subject to CAMT,” Strategy’s latest security filing reads. “As a result, the Company no longer expects to become subject to CAMT due to unrealized gains on its bitcoin holdings.”

Also Read: Michael Saylor Calls Bitcoin “Digital Capital”, MSTR Stock Rallies

MSTR stock has been one of the best performers on the market, largely due to the surge of Bitcoin (BTC). The company is one of the largest holders of the king cryptocurrency in the world, and has inspired several other institutions to invest in crypto or establish a reserve of BTC or other coins. Year-to-date, MSTR is up 17%, while in the last calendar year, shares are up over 109%.

In September, Strategy (MSTR) missed out on joining the S&P 500 index, despite meeting all of the requirements to join the index. The miss ended up causing MSTR shares to slide, with MSTR now trading only just above 2% in the past month. Fortunately, the stock is now approaching its 200-day simple moving average, a promising sign for bullish investors. MSTR is currently trading just over $340, slightly below the 200-day simple moving average (SMA) at $355.