According to the latest financial data, business intelligence and Bitcoin strategy company Strategy disclosed that as of March 31 of this year, it had accumulated deferred tax assets of up to $1.73 billion due to unrealized losses from its Bitcoin holdings.

It is worth noting that the company has made a full valuation allowance for this asset in the same amount, also $1.73 billion. This accounting treatment reflects the company's prudent assessment of the potential future realization of the Bitcoin-related asset's value. Deferred tax assets are typically generated from deductible temporary differences, and the establishment of a valuation allowance indicates that the company believes it is very likely that the tax benefits of this asset may not be fully realized in future periods.