Microstrategy and Michael Saylor Reach $40 Million Settlement in DC Tax Lawsuit - Decrypt
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American software company MicroStrategy and its chairman Michael Saylor have agreed to pay $40 million to settle charges from the D.C. attorney general that the company and its co-founder defrauded the district of millions in unpaid taxes. The District of Columbia filed a lawsuit against Saylor for
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- American software company MicroStrategy and its chairman Michael Saylor have agreed to pay $40 million to settle charges from the D.C. attorney general that the company and its co-founder defrauded the district of millions in unpaid taxes.
- The District of Columbia filed a lawsuit against Saylor for unpaid taxes in August 2022. It accused Saylor of failing to pay over $25 million in D.C. income taxes and said he falsely claimed to be a resident of lower-tax jurisdictions. The complaint was later amended to level the same accusations at MicroStrategy.
- The news seems to have landed well with MSTR investors. In pre-market trading, MSTR shares are trading 4.5% higher than Friday's close of $1,541.
- Microstrategy shares have been a popular buy among Bitcoiners because of the company's dedication to amassing a huge corporate treasury of BTC. At the time of writing, MSTR has amassed nearly $15 billion worth of Bitcoin.
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