Saylor’s MicroStrategy began buying bitcoin in 2020 while calling the cryptocurrency a million times better store of value than gold. The company now holds approximately 140,000 bitcoin worth about $4 billion. In March 2023, Saylor lost a bid to dismiss claims that he failed to pay personal income taxes, interest and penalties due for Washington, D.C. However, the court dismissed claims that Saylor and MicroStrategy had conspired to violate the law.
Source: https://www.coindesk.com/company-news/2023/06/14/crypto-industry-destined-to-be-bitcoin-focused-after-sec-actions-microstrategy-founder-michael-saylor/?utm_medium=referral&utm_source=rss&utm_campaign=headlines