MicroStrategy CEO and Bitcoin supporter Michael Saylor has agreed to the largest income tax settlement deal in Washington D.C.’s history.
According to The Washington Post, Bitcoin (BTC) advocator Michael Saylor and his software company MicroStrategy reached a $40 million payment package with the state to settle a tax evasion lawsuit.
Attorney General Brian L. Schwalb’s case revolved around Saylor’s residency and tax returns between 2005 and 2021. While Saylor claimed he lived in Florida, city attorneys had reason to believe he lived in a luxury apartment and on yachts within the District of Columbia’s jurisdiction.
Both MicroStraegy and Saylor denied tax evasion violations per the terms of the settlement deal.