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Microstrategy

MicroStrategy’s Michael Saylor Sued by DC for Income Tax Fraud – Bloomberg

By Securities Docket on September 1, 2022, 8:49 am

Washington, D.C., is suing MicroStrategy Inc. co-founder and Executive Chairman Michael Saylor — probably best known as the largest corporate buyer of Bitcoin — for tax fraud, claiming that he skipped out on paying more than $25 million in income taxes despite living in the district for more than a decade. According to the lawsuit, […]

Posted in Industry, Top | Tagged Microstrategy, Saylor

MicroStrategy Explored Options From Art to Real Estate Before Bitcoin Buys, New CEO Says

By Securities Docket on August 10, 2022, 8:51 am

New MicroStrategy CEO Phong Le backed up Michael Saylor’s decision to hold bitcoin on the company’s balance sheet. Speaking Tuesday at a conference sponsored by investment bank Canaccord Genuity, Le said that prior to first purchasing bitcoin (BTC) in August 2020, MicroStrategy considering purchasing Treasurys, corporate bonds, gold, commodities, real estate and even artwork. Digital […]

Posted in Industry, Top | Tagged Bitcoin, Microstrategy

Michael Saylor Bet Billions on Bitcoin and Lost – WSJ

By Securities Docket on August 4, 2022, 8:14 am

If you ask Michael Saylor why he bet the future of his company on bitcoin, he’ll tell you he didn’t have a choice. In 2020, MicroStrategy Inc.’s stock was stagnant, and the tech company struggled to compete with software giants. “We were either going to die a fast death, or a slow death, or embark […]

Posted in Industry, Top | Tagged Bitcoin, Microstrategy

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