Michael Saylor and Microstrategy are being sued for alleged tax fraud


We all know michael Saylor because he was the CEO of Microstrategy for a long time. He accumulated 17,732 BTC, which he bought at an average of $9,882 each. MicroStrategy owns 129,699 bitcoins as of June 28, 2022. The total purchase price for the bitcoins was almost $4B making an average price of around $30,650 per bitcoin.

Currently, it seems like they are being sued for alleged income tax fraud by the DC Attorney General. This could be terrible for Bitcoin because he is often perceived as one of the big faces for Bitcoin and he and microstrategy own so many of them. Oh boy. Get ready to buy the dip, because this has to affect the price in a substantial manner. How can he not pay any income tax at all despite living in DC for 10+ years!? That is ridiculous.

The DC Attorney General:


submitted by /u/Beyonderr
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