tl;dr
Michael Saylor, chairman of MicroStrategy and a Bitcoin advocate, has agreed to pay $40 million to settle a tax fraud lawsuit in Washington, D.C. The lawsuit accused Saylor of evading over $25 million in income taxes. The settlement is the largest income tax recovery in the district's history. Micro...
MicroStrategy’s Saylor Resolves Tax Evasion Allegations
Michael Saylor, chairman of MicroStrategy and a Bitcoin advocate, has agreed to pay $40 million to settle a tax fraud lawsuit in Washington, D.C. The lawsuit accused Saylor of evading over $25 million in income taxes. The settlement is the largest income tax recovery in the district's history. MicroStrategy clarified that the tax matter was Saylor's issue and that the company will not contribute to the settlement. The settlement is seen as a significant step in holding influential individuals accountable under the law.
Bitcoin Enthusiasm Translates to $13.5 Billion
Saylor, known for his Bitcoin enthusiasm, has seen the value of MicroStrategy's Bitcoin holdings rise to approximately $13.5 billion. The company purchased an additional 25,250 BTC during the first quarter, bringing its total holdings to 214,400.
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GameStop Corp Technical Analysis Summary
Company: GameStop Corp
Headquarters: Grapevine, Texas
Sector: Trade & Services
Industry: Retail-Computer & Computer Software Stores
Market Cap: $10.42 billion
Current Price: $1483.5
Dividend Yield: None
Price/Earnings Ratio: 0.02
EPS: 17.28
Beta: 0.0013
Volume: 5,272,800,000
Revenue: $6.38 billion
Operating Margin: 25.9%
Net Margin: -19.4%