I would treat it as a dividend. If you roll it back in then don't pay taxes. If you sell it and take the cash then I assume it would be taxed based on when you

I would treat it as a dividend. If you roll it back in then don't pay taxes. If you sell it and take the cash then I assume it would be taxed based on when you bought the bitcoin. There is precedent here with trading stocks. (disclaimer: I am not an accountant)