Billionaire Bitcoin investor Michael Saylor and his company, MicroStrategy, have settled a tax fraud lawsuit with the Washington, D.C., attorney general. The lawsuit, filed in August 2022, alleged Saylor evaded over $25 million in D.C. income taxes by falsely claiming residency in lower-tax states like Virginia and Florida. MicroStrategy was also accused of conspiring in the tax evasion. Saylor resigned as CEO in the same month but remained as executive chairman. Now, he and MicroStrategy have agreed to pay $40 million to resolve the case. Despite legal challenges, Saylor continues to advocate for Bitcoin, with MicroStrategy holding 214,400 BTC, valued at $7.5 billion.

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