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MicroStrategy’s Michael Saylor Sued by DC for Not Paying Income Taxes

  • District says Saylor fraudulently claimed other residencies
  • Saylor is best known for adding Bitcoin to balance sheet
Michael Saylor

Michael Saylor

Photographer: Eva Marie Uzcategui/Bloomberg
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Washington, D.C., is suing MicroStrategy Inc. co-founder and Executive Chairman Michael Saylor -- probably best known as the largest corporate buyer of Bitcoin -- for tax fraud, claiming that he skipped out on paying more than $25 million in income taxes despite living in the district for more than a decade.

According to the lawsuit, which was filed with the D.C. Superior Court’s civil division, Saylor knowingly avoided paying taxes he owed since 2005 by fraudulently claiming to be a resident of other, lower-taxes jurisdictions, including Virginia and Florida. It claims that Saylor lived in a luxury penthouse on the Georgetown waterfront and docked multiple yachts on the district’s Potomac riverfront.