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The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.

The proceedings of the issuance will be used to acquire more bitcoin and for general corporate affairs.

Michael Saylor’s firm is the only corporation that has developed institutional demand for bitcoin linked convertibles, the report said.

MicroStrategy (MSTR), the software firm whose executive chairman is bitcoin maximalist Michael Saylor, reported weaker-than-expected fourth quarter earnings on Tuesday, but the majority of its conference call presentation focused on the crypto.

Exploring the unique strategies and competitive landscape of BlackRock's IBIT vs. MicroStrategy