Saylor’s 2022: 2022 was an eventful year for Saylor. In August, the MicroStrategy founder was sued by Washington, D.C. Attorney General Karl Racine on behalf of the city for allegedly failing to pay income taxes. Saylor was accused of falsely claiming to reside in Virginia while actually living in the Georgetown neighborhood of Washington. His company, MicroStrategy, was also named in the lawsuit as a defendant. The executive refrained from admitting or denying the charges levied against him and was forced to pay $350,000 in civil penalties. Saylor and MicroStrategy paid a combined $11 million to settle the charges. In August, Saylor resigned from his role as CEO following the release of MicroStrategy’s earnings report, which revealed a $917 million loss caused by a negative return on its Bitcoin investments. The company is currently the largest corporate Bitcoin investor, with approximately 130,000 BTC in holdings. Nevertheless, Saylor was a staunch Bitcoin crusader in 2022. In November, he opined that the FTX downfall exposed problems related to crypto exchanges and said that more investors would likely flock to Bitcoin instead of newer coins, which were fraught with risks. In his view, this would lead to greater demand for Bitcoin, which was a positive cryptocurrency for the market.