The Supreme Court of the District of Columbia denied the founder of MicroStrategy Michael Saylor to dismiss the lawsuit on the fact of non-payment of income taxes. This is reported Bloomberg.
The DC authorities sued Saylor in August 2022, alleging that he had evaded more than $25 million in income tax since 2005. During this period, the entrepreneur allegedly claimed that he was a resident of other jurisdictions with lower rates, including Virginia and Florida.
The lawsuit documents say that during this time, Saylor lived in Washington, DC, “in a luxurious penthouse” in the historic district of Georgetown. He also has several yachts moored on the waterfront of the Potomac River.
However, the court dismissed two other lawsuits against Saylor and MicroStrategy for conspiring to violate the DC False Claims Act.
The founder of the company himself denied allegations of tax fraud, saying that he really lives in Florida.
“With all due respect, I still disagree with the county’s position on the remaining claims and will continue to defend myself. I look forward to the proper resolution of this case,” he added.
The next meeting is scheduled for March 10.
According to Bitcoin Treasuries, MicroStrategy owns 132,500 BTC. The last purchase of 2501 BTC for $44.6 million was recorded in December 2022.
Earlier, Michael Saylor confirmed the course for further purchases of digital gold, despite the continued fall of the cryptocurrency market.
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