Microstrategy Co-founder in legal trouble over tax evasion 2022/09/02 00:57:05 InsideBitcoins
Microstrategy co-founder Michael Saylor has been accused of evading tax, amounting to $25 million. In a filing by the Attorney General of Columbia District, Karl […]
DC Attorney General Sues Billionaire Michael Saylor and Microstrategy Over Alleged Tax Fraud — Seeks $100 Million – Taxes Bitcoin News 2022/09/01 23:30:49 News Bitcoin.com
The attorney general of the District of Columbia has sued Microstrategy''s founder and executive chairman, Michael Saylor, for tax fraud.
DC Attorney General Sues Billionaire Michael Saylor and Microstrategy Over Alleged Tax Fraud — Seeks $100 Million | Crypto Breaking News 2022/09/01 23:30:49 Crypto Breaking News
The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The
Why Is Polestar (PSNY) Stock Down Today? 2022/09/01 16:31:51 InvestorPlace
Source: Robert Way / Shutterstock.com Polestar (NASDAQ: PSNY ) stock is falling on Thursday following the release of its earnings data for the first half of 2022 . The big news from that report is an operating loss of $885.2 million. That’s a $520.5 million wider loss than the $364.7 million reported in the same period of the year prior. That represents a 143% year-over-year increase in operating loss. According to Polestar, that widening loss is the result of its continued commercial expansion. It also attributes it to a one-time share listing cost of $372.3 million in connection to its merger with Gores Guggenheim. Investors aren’t reacting well to that news as the widening loss comes alongside increasing revenue. The electric vehicle (EV) company reported revenue of $$1.04 billion in the first half of the year. That’s a 95% increase from the $534.8 million reported in the first half of 2021. PSNY’s Guidance Is Still Strong Thomas Ingenlath, Polestar CEO, said the following in the news release. “We made important progress in the first half of 2022 as we doubled revenues and volume, and successfully listed on the Nasdaq stock exchange in New York.
Michael Saylor Tax Evasion Lawsuit Stunts MicroStrategy (MSTR) Stock 2022/09/01 16:24:38 InvestorPlace
MicroStrategy (NASDAQ: MSTR ) has been a major tech play for the last two years, but not for the reasons one might expect. The stock has become closely associated with the crypto world, thanks in large part to its founder and now executive chairman, Michael Saylor. A devout Bitcoin ( BTC-USD ) maximalist, Saylor has helped his company mount impressive earnings simply through “hodling.” But now, he is turning into a heel for the company. The Michael Saylor tax evasion lawsuit that is cropping up may prove very costly for both him and MSTR stock. Saylor co-founded MicroStrategy in 1989. Since then, it has chugged along as a play in the tech space. Nowadays, it creates business intelligence software and offers cloud computing services to its clients. However, in 2020, MSTR stock began to see some serious moves as Saylor pushed a new model onto the company. Around this time, Saylor had become deeply entrenched in the cryptocurrency space — particularly through Bitcoin. He has since become a figurehead for the Bitcoin Maximalism movement.
MicroStrategy’s Bitcoin holdings fall $3.4 billion 2022/07/03 18:08:45 BOL News
MicroStrategy’s Bitcoin holdings fall $3.4 billion at the end of the second quarter. The company began purchasing Bitcoin in bulk in the summer of 2020. MicroStrategy will likely incur a sizable impairment charge when it announces its second-quarter results. Michael Saylor, the CEO of MicroStrategy, stated that the company began purchasing Bitcoin in bulk in […] The post MicroStrategy’s Bitcoin holdings fall $3.4 billion appeared first on BOL News .
MicroStrategy’s Bitcoin holdings take a record $3.4 billion hit - Economic Times 2022/07/03 03:58:00 Economic Times India
MicroStrategy’s Bitcoin holdings take a record $3.4 billion hit Economic Times
Does Sam Bankman-Fried Own Everything Now: Recap Of Last Week''s Top Crypto News 2022/07/02 22:30:00 Zero Hedge
Does Sam Bankman-Fried Own Everything Now: Recap Of Last Week''s Top Crypto News By Donavan Choy of Bankless Three Arrows Capital Contagion, Act III The dominoes continue to fall from 3AC’s collapse. The fund was ordered into liquidation by a British Virgin Island court after failure to repay debts. Singapore’s central bank MAS — where 3AC was previously headquartered — then stated that the fund willfully submitted false information on its balance sheets, and exceeded its allowed assets under management for several months. The collateral damage from 3AC’s implosion has spilled over into other crypto companies, namely Voyager Digital and BlockFi. Last week, Voyager halted withdrawals on its platform. This week saw Voyager issuing 3AC a default notice after the latter failed to make payments on a $670M loan. Meanwhile, SBF’s Alameda Ventures stepped in with a $500M loan package to save Voyager, of which $75M has already been accessed. VOYG shares have taken a hit of ~60% in the past two weeks after news of its exposure to 3AC broke.
Buy - MicroStrategy''s Bitcoin holdings take a record $3.4 billion hit. The company says it''s playing the long game 2022/07/02 20:41:05 Business Mag
When MicroStrategy Inc. began buying Bitcoin in bulk in the summer of 2020, CEO Michael Saylor said it was because inflation would make cash worthless. The crypto pile he has…
MicroStrategy’s Bitcoin holdings take a record $3.4 billion hit. The company says it’s playing the long game 2022/07/02 20:35:19 Fortune
When MicroStrategy Inc. began buying Bitcoin in bulk in the summer of 2020, CEO Michael Saylor said it was because inflation would make cash worthless. The crypto pile he has since accumulated was worth $3.4 billion less at the end of the second quarter than the previous one.
Fidelity Investments Launch the Industry’s First-of-Its-Kind Bitcoin Offering for 401(k) Core Investment Lineup 2022/04/29 11:56:24 Fintech Finance
Fidelity Investments®, one of the largest financial services providers, announced the launch of Fidelity’s workplace Digital Assets Account (DAA), the industry’s first offering that will enable individuals to have a portion of their retirement savings allocated to bitcoin through the core 401(k) plan investment lineup. The innovative new offering, which MicroStrategy plans to add to […] The post Fidelity Investments Launch the Industry’s First-of-Its-Kind Bitcoin Offering for 401(k) Core Investment Lineup appeared first on Fintech Finance .
Investment Bank Goldman Sachs Joins List Of Banks To Offer Bitcoin-Backed Loans 2022/04/29 10:48:13 EIN News Bitcoin
… Sachs, has created a Bitcoin -backed cash loan product. In … have now created a Bitcoin -backed home loan product wherein … that customers could pledge their Bitcoin (BTC) holdings and take … million loan to Microstrategy with Bitcoin as collateral. Michael Saylor, …
MicroStrategy’s Remarkable Move: Plans To Provide Employees Bitcoin Retirement Plans 2022/04/28 03:20:37 Bitcoin Ethereum News
The post MicroStrategy’s Remarkable Move: Plans To Provide Employees Bitcoin Retirement Plans appeared on BitcoinEthereumNews.com . Michael Saylor’s MicroStrategy has recently announced its plans to facilitate the employees to retire on Bitcoin through Fidelity’s new Bitcoin 401(k) program. Bitcoin is a digital property which makes it…
Fidelity offers 401(k) investors access to bitcoin 2022/04/27 17:46:00 Financial Regulation News
Financial services provider Fidelity Investments said Tuesday it has launched a workplace Digital Assets Account (DAA) offering that enables individuals to have a portion of their retirement savings allocated to bitcoin.© Shutterstock Officials said the initiative via the core 401(k) plan investment lineup is slated to be added to business Intelligence solutions provider MicroStrategy’s 401(k) […] The post Fidelity offers 401(k) investors access to bitcoin appeared first on Financial Regulation News .