Bitcoin Whale Saylor Reached a Settlement in the Case in the USA

Bitcoin whale MicroStrategy and its founder Michael Saylor reached a settlement in the case in the USA.

The US District of Columbia filed a lawsuit against MicroStrategy and Michael Saylor in 2022, alleging fraud in tax files between 2005 and 2020.

Saylor allegedly said he resided in either Virginia or Florida. The prosecutor's office claimed that Saylor lived in Washington during this time.

“My home is still in Florida and I continue to deny that I reside in the District of Columbia,” Saylor told DealBook.

Saylor founded MicroStrategy as a data analytics company in 1989. The company, which has 214 thousand 400 Bitcoins, has become one of the largest investors in BTC. With the rise in Bitcoin price, MicroStrategy shares have appreciated by 122 percent this year.

Saylor, who reached a $40 million settlement, said, "I agreed to compromise on this issue to avoid the burdens this case would bring to my friends, family and me."

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