MicroStrategy Stock Rallies 10% As CEO Saylor Predicts Bitcoin Will ‘Go Into ...
According to Thursday’s reports, the recent decline in bitcoin’s value has not altered the investment tactics of MicroStrategy. MicroStrategy surged more than 10 percent on Thursday alongside Bitcoin, which was trading about 5 percent higher despite the S&P 500 struggling to trade flat. Saylor is evidently still optimistic about bitcoin despite the recent market decline. […]
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MicroStrategy CEO Michael Saylor says institutional interest in Bitcoin is snowballing. He predicts the coming year will see a flood of companies follow MicroStrategy’s lead to acquiring Bitcoin as a treasury strategy. More interestingly, Saylor claims contact with at least a hundred private companies that have already implemented this strategy. However, given the lack of […]
The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The lawsuit also names Microstrategy as a defendant “alleging that it conspired to help him evade taxes he legally owes.” Both Saylor and Microstrategy denied the allegations. The attorney general is seeking more than $100 million in unpaid taxes and penalties.
District of Columbia Sues Billionaire Michael Saylor and Microstrategy
The Office of the Attorney General (OAG) of the District of Columbia announced Wednesday....
Michael Saylor said that in addition to 115,109 BTC, MicroStrategy could pledge ‘some other collateral’ if needed.
The D.C. AG alleges that Saylor and MicroStrategy conspired to commit tax evasion by fraudulently representing Saylor’s primary residence from 2005 to present.
Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor. The pro-bitcoin executive will be stepping down as the CEO of Microstrategy and take the role of the company’s executive chairman to focus on bitcoin.
Microstrategy’s Performance Since Adopting Bitcoin Strategy
The Nasdaq-listed software company Microstrategy Inc. (Nasdaq: MSTR) released its Q2 financial results Tuesday. CEO Michael....