Still, the AG alleges, Saylor continued to benefit from "fringe benefits" with a "high cash value," such as use of the company plane. To help with bookings, call our support phone number:1-877-202-4291. Close. Saylor served as MicroStrategy's chief executive officer from 1989 to 2022. The lawsuit is the latest in a series of unfortunate events for Saylor, who stepped down as MicroStrategys chief executive earlier this month after the firm bought over $1 billion worth of bitcoin in 2020, a move that proved costly to the firms bottom line amid the cryptocurrency crash. Dont miss out on how smart money is playing the crypto game. MicroStrategy founder Michael Saylor once lost $6 billion in a day. The CEOs of MicroStrategy and Ark Invest respectively, Saylor and Wood have long been seen as leaders in the traditional finance world's embrace of bitcoin. "I think Bitcoin is the most efficient use of energy the human race has come up with.". Either way, you'll find a rental for everyone's needs. D.C. Attorney General Karl A. Racine (D) on Wednesday announced a lawsuit against billionaire Michael J. Saylor and the technology company he co-founded, MicroStrategy, alleging that Saylor has lived in D.C. for more than a decade while evading $25 million in D.C. income taxes and that MicroStrategy conspired to help him. The securities regulator said the $1.02 billion deal should be blocked, 97% of its customers, representing 98% of total claims. A Division of NBCUniversal. WATCH: Watch CNBC's full interview with MicroStrategy CEO Michael Saylor at Bitcoin 2022. MIAMI MicroStrategy (MSTR) CEO Michael Saylor and ARK CEO Cathie Wood gave a number of reasons for why they think bitcoin (BTC) will continue to gain adoption and increase in price in a chat . Then youll see tens of trillions or hundreds of trillions of dollars all moving on Lightning rails secured [on] the Bitcoin network, said Saylor. A member of The Forbes 400 list of richest Americans in 1999 (then worth $840 million), the 57-year-old Saylor studied aeronautics and astronautics at MIT before founding MicroStrategy in 1989. Thats when people will wake up and realize, holy crap, this really is going to change the world., Read more: Robinhood Releases Crypto Wallet to 2M Users, Plans Integration With Bitcoin Lightning Network. The cryptocurrency was trading around $29,700 as of 4pm eastern standard time. We've released life in cyberspace.". That investment is now worth $2.6 billion as bitcoin is worth about $20,000, more than 70% off its peak of $67,598.54. Although MicroStrategy is based in Virginia, Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life.. Racines office said it independently investigated the tax fraud allegations and intervened in the whistleblower complaint, filing its own lawsuit against Saylor and MicroStrategy. Saylor, who was worth over $2 billion in 2020, lost his billionaire status in May as bitcoin and MicroStrategy shed value. Learn how Wall Street pros are adding Bitcoin to their portfolios. Es war angenehm ruhig und u Ein Wohnobjekt, welches mit allem ausgestattet ist, was man bentigt. Jack Dorsey and Michael Saylor were among the headliners at the star-studded Bitcoin 2021 Miami conference. On the political front, Saylor, whose company owns roughly $6 billion worth of bitcoin, said President Joe Bidens recent executive order directing various federal agencies to coordinate their approach to regulating the sector amounted to the president of the United States giving a green light to bitcoin., If I scan the last 100 years of history [and ask] when was the last time the president of the United States directed the government to embrace a new asset class, the answer is never, Saylor said. Beginning in 2012, according to the complaint, Saylor purchased a home in Miami Beach, obtained a Florida drivers license and registered to vote there despite living primarily in D.C. Saylors net worth remains under $1 billion, according to Forbes estimates. CoinDesk journalists are not allowed to purchase stock outright in DCG. His big bet on Bitcoin might sink him once and for all BY Shawn Tully August 3, 2022, 12:50 PM PDT Saylor is stepping back. Share. Few companies have hitched their wagons to Bitcoin as Microstrategy has. Have you heard that MicroStrategy CEO Michael Saylor is into Bitcoin? Michael Saylor at Bitcoin 2021 Miami Joe Raedle/Getty Images MicroStrategy is offering $400 million of senior secured notes to institutional investors. Conservative Rebels Have an Agonizing Choice on the Debt Ceiling, Big Banks Set Aside Billions as They Brace for a Downturn, Goldman Sachs is laying off as many as 3,200 employees this week, World Bank warning: Global economy is at risk of recession. Whether youre traveling with friends, family, or even pets, Vrbo vacation homes have the best amenities for hanging out with the people that matter most, including pool and outdoor grill/bbq. Sehr nette und hilfsbereite Vermieter, Lage in der Nhe von Einkaufsmglichkeiten und der Altstadt sehr gut, ausgezeichnets Preis-Leistungs-Verhltnis und in der sehr gut gepflegten und sortierten Wohnung hat es an nichts gefehlt! Ideal fr fr Hunde. The transformation of value in the digital age. Do you want to know the entry ticket price for Michael Winkelmann? ; The pair discussed ESG concerns, how they got into bitcoin, and why they believe it is . Life-size bear on Aisle 1. Thats very good were not hearing that kind of rhetoric here. A court ruling did not dismiss claims by the District of Columbia against Michael Saylor, the founder and CEO of MicroStrategy MSTR, , has lost his case to dismiss claims that he failed to pay personal income taxes, interest and penalties in the District of Columbia, according to a court filing on Feb. 28. MicroStrategy Founder Michael Saylor Loses Court Bid to Dismiss DC Tax Evasion Claims The court did dismiss claims against the company and Saylor that they conspired to violate D.C.'s False . Hear Alex Thorn share his take on "Bitcoin and Inflation: Its Complicated at Consensus 2023. A court ruling did not dismiss claims by the District of Columbia against Michael Saylor, the founder and CEO of MicroStrategy MSTR, , has lost his case to dismiss claims that he failed to pay personal income taxes, interest and penalties in the District of Columbia, according to a court filing on Feb. 28. "Although MicroStrategy is based in Virginia, Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life, he wrote. Saylor Yacht Harle He is the owner of the yachts Harle and Usher. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. "If you wish me to make a political statement, Bitcoin fixes everything. "That which does not kill Bitcoin makes it stronger," said Saylor. The Company was not responsible for his day-to-day affairs and did not oversee his individual tax responsibilities. Store of value its always been there [for bitcoin]. Prices start at C$55 per night, and house rentals and condo and apartment rentals are popular options for a stay near Mhnesee Tower. Sehr nette Vermieter, dass Haus ist in einem Top Zustand, es ist einfach alles vorhanden, die Betten sind frisch bezogen, Handtcher liegen bereit und das alles in liebevoll eingerichteter Wir haben zu fnft 6 Nchte in der tollen Ferienwohnung von Familie von Weichs verbracht. Check restrictions. MacKenzie Sigalos contributed to this story. The suit alleges he did not pay income taxes in D.C. at any point between 2005 and 2021, despite social media posts over the years that indicate he lived in D.C. and considered it home. Your weekly wrap of Web3 news and trends. Amid Crypto Plunge, Longtime Bitcoin Bull Michael Saylor Falls From Billionaire Ranks (Forbes), Michael Saylor Bet Billions on Bitcoin and Lost (Wall Street Journal), Microstrategy Bought Bitcoin In 2Q As Tesla Was Selling; Saylor Steps Back (Forbes). MIAMI, FLORIDA - JUNE 04: MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. You come here and tell me that I should stop everybody in their tracks because you might have an issue, Wiles said, addressing counsel for the SEC. All Rights Reserved. "I guess I lost faith in all of my traditional investments," Saylor said. Crypto investors are reeling from the recent market downturn, but few have lost more than Michael Saylor, the tech CEO whos staked his companys future on Bitcoin. Die Lage ist sehr gut um von dort aus in der Umgebung wandern zu gehen (direkt hinter dem Gutshof gibt es ein Waldgebiet und einen Bach) oder Ausflge im Sauerl Our 2023 vacation rental listings offer a large selection of413 house rentals around Mhnesee Tower. Click Now to check the details! "Although MicroStrategy is based in Virginia, Florida is where I live, vote and. The Debt Ceiling Time Bomb Is Ticking Again. New York partially banned cryptocurrency mining. Saylor, who was worth $1.6 billion at the beginning of March, saw his net worth drop below the $1 billion mark on Wednesday, according to Forbes estimates. It was no wonder then . The complaint alleges that Saylor purchased the Georgetown property in 2005 before buying two adjoining penthouse units, combining them into a single residence Saylor calls Trigate, and also purchased a penthouse unit in Adams Morgan. Vermieter sehr freundlich und unkompliziert. Michael Saylor. Like. Head to consensus.coindesk.com to register and buy your pass now. W hen Michael Saylor was a younger man, his good looks and cocky attitude drew comparisons to Tom Cruise.. And like Capt. . "There's no reason (bitcoin) can't . He is a white, non hispanic male registered to vote in Miami-Dade County, Florida. You haven't really, you have done nothing I need to know specifics.. UPDATE 1-US to announce new military aid package for Ukraine on Friday -White House. I think every crypto exchange, if theyre going to remain viable and competitive, they need to build Lightning into their exchange, said Saylor, citing Kraken and Cash Apps recent announcements about incorporating the Lightning Network. We want to hear from you. He helped set up a meeting between Musk and leading Bitcoin miners in response and, on Friday, said miners deserve more credit. and understand all perspectives of today's news and issues. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. The AG's office said it independently investigated the whistleblower case and found MicroStrategy had filed inaccurate W-2s with his Florida-based address and had failed to withhold taxes allegedly owed to the district. Wir waren mit unserem Dackel dort. Saylor called Bitcoin the "apex" achievement of the human race, arguing it solves all the world's ills. Racine alleges the company conspired to help Saylor evade the taxes. Public Data Digger does not provide consumer reports and is not a consumer reporting agency. The two tech investors shared an optimistic vision for the largest . Saylor said in his statement that he bought the Miami Beach home a decade ago after moving from Virginia. 3. This Could Be the Year It Explodes. The biggest crypto news and ideas of the day. WHO IS MICHAEL SAYLOR? Be a smarter, safer investor in eight weeks. He also said he believes the market cap ceiling on bitcoin is nearly limitless. The lawsuit, which Racine filed Aug. 22 in D.C. Superior Court, alleges that Saylor has for years fraudulently claimed to be a resident of lower-tax jurisdictions despite living in a 7,000-square-foot penthouse on the Georgetown waterfront. In a panel discussion with podcaster Max Keiser, Saylor discussed Bitcoin's future and its implications for wealth and governments. Now environmentalists want more. Saylor and MicroStrategy ended up reaching an agreement where Saylor's salary would be reduced to a nominal $1, the lawsuit claims, in order to reduce the risk authorities would discover the alleged scheme. MicroStrategy is headquartered in Tysons Corner, Virginia, a Washington suburb. "Although MicroStrategy is based in Virginia, Florida is where I live, vote, and have reported for jury duty, and it is at the center of my personal and family life. When asked about his bullishness on bitcoin, Saylor said he no longer believes in his previous investments. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Shares of MicroStrategy were down more than 6% Wednesday afternoon on the news. The AG's office said it's seeking to recover a total sum of over $100 million in unpaid taxes and penalties. Here are their 12 best quotes from the event. Data is a real-time snapshot *Data is delayed at least 15 minutes. As for the technological forces driving adoption, Saylor and Wood pointed to the growing number of platforms integrating the Lightning Network as improving bitcoins usefulness as a medium of exchange. For more information, please review Public Data Digger Terms of Use. It's kind of a weird objection.. Growing up, he lived on multiple Air Force bases. Got a confidential news tip? A judge has dismissed part of a major lawsuit by D.C.'s attorney general that sought tens of millions of dollars from a former tech CEO and bitcoin investor who officials allege failed to pay . William Uptegrove, representing the SEC, said that creditors had not been sufficiently warned of regulatory risks, but declined to take a definitive position on whether VGX was a security. It fixed government," he said. Michael Jerry Saylor (age 57) is listed at 4821 Pine Tree Dr Miami Beach, Fl 33140 and is affiliated with the Republican Party. The new lawsuit alleges Saylor failed to pay income tax he owed to the district starting in 2005. Speaking to a packed house of the bitcoin faithful, who gave the pair a standing ovation at their introduction, Saylor and Wood laid out several political and technological reasons for their optimism about the worlds biggest cryptocurrency by market value. What is the Role of Christianity in American Politics Today. Thats how much MicroStrategy stock fell Wednesday following the lawsuit, and its $231.56 ticker is nearly 80% lower than its February 2021 peak. Discover a selection of 413 vacation rentals near Mhnesee Tower, Mhnesee that are perfect for your trip. The suit is the first to be brought under a recently passed law called the False Claims Act, according to Racine's office. In a statement, MicroStrategy said, "The case is a personal tax matter involving Mr. Saylor. The ruling did dismiss claims that Saylor and his company conspired to Dubbed the wealthiest man in the Washington . Michael Saylor, chairman and chief executive officer of MicroStrategy, first got into bitcoin in 2020, when he decided to start adding the cryptocurrency to MicroStrategy's balance sheet as part of an unorthodox treasury management strategy. Saylor was born in Lincoln, Nebraska. View public records and voter registration of Michael Saylor born 1965, includes court and personal records. From 76 house rentals to 330 condo and apartment rentals, find unique vacation rental for you to enjoy a memorable stay with your family and friends for a long holiday or a weekend break is on Vrbo. The ruling did dismiss claims that Saylor and his company conspired to violate Washington D.Cs False Claims Act, which is a federal law that holds persons and companies liable for defrauding governmental programs. Washington, D.C., sued the analytics firm MicroStrategy and its former billionaire co-founder Michael Saylor on Wednesday, alleging Saylor and the company colluded to hide taxable income from the districtaccusations both MicroStrategy and Saylor denied. Former Republican President Donald Trump will travel to Iowa March 13, making his first appearance in the first-in-the-nation caucus state since announcing his candidacy late last year. Civil charges were settled in 2000. Coinbases stock is down more than 66% in the last month, bruising the net worths of its billionaire founders, Brian Armstrong and Fred Ehrsam. The district suit follows a separate complaint filed by whistleblowers against Saylor in April 2021, accusing him of failing to pay income taxes from 2014 through 2020. Although MicroStrategy is based in Virginia, Florida is where I. Saylor is the CEO of Microstrategy, which itself owns nearly 100,000 bitcoin. 2 min read. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. The district law incentivizes whistleblowers to report tax fraud and allows the court to impose penalties up to three times the amount of the evaded taxes, according to the AG's office. His fortune swelled during the 1990s dot-com boom, but was wiped out in the wake of an accounting scandal, in which the Securities and Exchange Commission alleged Saylor and MicroStrategy had "materially overstated its revenues and earnings." Pete "Maverick" Mitchell, Cruise's flying ace of "Top Gun" fame, Saylor is returning to screens everywhere after a decades long hiatus. 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MicroStrategy held 129,218 bitcoins on its balance sheet as of March 31. Ebenerdige Dusche alles sehr sauber und gepflegt.Auch fr den Hund ist an alle Es gibt nicht so viel zu schreiben, alles war einfach super. This will be the missing link in terms of use case. Travel news, guides and tips for anyone looking to get away. Saylors is not the only crypto fortune to plummet amid the market sell-off. Along the way, Saylor migrated some of his social life to Miami Beach, Florida, where he purchased an 18,000-square-foot mansion dubbed "Villa Vecchia" and was known to dock one of his multiple . If you didn't, may I introduce you Saylor's appearance at Bitcoin 2021 in Miami. He also owns a mansion in Miami, named Villa Vecchia. Saylor said he thinks bitcoins real potential will be realized when billions of people around the world have a mobile phone and an app with a Lightning wallet, and that wallet has some bitcoin on it as a store of value, and some U.S. dollars or digital euros or Chinese digital yuans on it as a medium of exchange. Join AllSides to read, share This guy is so convinced in the ''power'' and ''value'' of bitcoin, that he is advocating his followers and. Washington, D.C., Attorney General Karl Racine said Saylor has resided in the nations capital for over a decade but has never paid any income taxes, claiming Saylor legally owes tax payments on hundreds of millions of dollars of income. Shares of software company MicroStrategy, which Saylor cofounded in 1989, are down more than 61% in the last month, including nearly 30% in the last two days. Bitcoin, the worlds largest cryptocurrency, has fallen 38% since late March, when it traded at around $48,000; it has shed over $300 billion in market value since then. MicroStrategy CEO calls bitcoin "most efficient use of energy". Get The 7 DMV newsletter in your inbox every weekday morning. The lawsuit alleges that MicroStrategy abetted in the fraud through an agreement to list Saylors residence on federal tax forms as his house in Florida, despite knowing he lived in D.C., actively assisting Saylor to avoid his obligation to pay taxes owed to the District. (Florida has no state individual income tax). A livestream is available at the conference's website. Know before you go COVID-19 travel restrictions, including testing and quarantine, are changing rapidly. When Keiser asked about recent uncertainty about environmental disruptions from Bitcoin mining, Saylor doubled down. Under Saylors leadership, the firm became one of the most significant corporate backers of bitcoin: MicroStrategy has bought about 129,699 bitcoins since 2020 at almost $4 billion. Precinct Group: 0 . You asked: Can I get a refund if the airline changed my flight time? Our other popular types of vacation rentals near Mhnesee Tower include: But you can also enjoy a great stay in one of our other vacation homes including Bungalows and more. Barrett and sits on 1.85 acres. Die Lage am See ist perfekt. Trump is scheduled to give remarks focused on education policy at 6:15 p.m. at Davenport's Adler Theater. Ich komme gerne wie Ein wirklich schn gelegenes Haus das alles bietet was man braucht. Racines office said the lawsuit was brought under the citys recently expanded False Claims Act, which the D.C. Council last year amended to include tax-related issues, and incentivizes whistleblowers to identify tax fraud. D.C. attorney general sues billionaire, alleging income tax evasion. Share Background Report Overview of Michael Jerry Saylor Lives in: Miami Beach, Florida Phone: (703) 714-7097 Age: 57 Gender: Male Bad Boys II's Miami filming locations, mapped Bad Boys II, filmed in Miami, . The suit includes several screenshots of posts that appear to be from Saylor's Facebook page dating back several years and referencing the view from his "Georgetown balcony" and discussing his "home" while tagging Washington, D.C. MicroStrategy allegedly "had detailed information confirming that Saylor was in fact a DC resident," according to a press release, but it chose to withhold that information. He also said he believes the market cap ceiling on bitcoin is nearly limitless. "It returns rationality to the political system and freedom and property rights to the human race". In today's video clip we cover the Bitcoin maximalist himself. MicroStrategy took out a $205 million loan in late March to finance another round of Bitcoin buying at a price of around $48,000 per coin. Pin. MicroStrategy posted a $1.06 billion loss in the second quarter of 2022, compared to a $299 million loss in the same period last year, largely due to bitcoins collapse. https://t.co/U1dUp84SRJ" Saylor denied the accusations in a statement to Forbes, saying he resides in Florida and he looks forward to a fair resolution in the courts.. "There's no reason (bitcoin) can't become a 100, 200, 300 trillion creature.". I dont hear talk about that here and havent heard much talk about hey, this is going to displace the dollar as the reserve currency of the world, said Wood. Sign up for free newsletters and get more CNBC delivered to your inbox. MIAMI, March 2, 2023 /PRNewswire/ . District of Columbia Attorney General Karl Racine accused MicroStrategy co-founder and Executive Chairman Michael Saylor of evading $25 million in district taxes in a lawsuit filed Wednesday. Die FeWo liegt in einer ganz ruhigen Strae direkt am Wald . Join the most important conversation in crypto and web3! The $30 million yacht is owned by tech mogul Michael Saylor and is available for charter for $200,000 a week. The Securities and Exchange Commission has warned it could involve the unlawful sale of unregistered securities, and the Federal Trade Commission said it was probing Voyager for deceptive marketing, while Texas regulators said creditors werent properly warned of legal risks. Defense Siren SuperYachtFan Private Jet Saylor owns a Bombardier Global Express Private Jet with registration N3877. That mega bet is now underwater. Around 2014, the AG's office claims in the lawsuit, MicroStrategy's then-chief financial officer confronted Saylor about his alleged tax evasion being a potential liability for the company. Probing the intersection of crypto and government. His fortune is largely tied up in. Saylor allegedly claimed to reside in Florida, which does not have a personal income tax, while actually living in several different homes around D.C., according to the lawsuit. Under his leadership, MicroStrategyspent close to $4 billionacquiring bitcoin at an average price of $30,700, and he has said he considers the company's stock a sort of bitcoin ETF. Michael Saylor, the CEO of Microstrategy, and Cathie Wood, CEO of Arch Invest, held a panel at the Miami 2022 Bitcoin conference on Thursday. Yes, of course. I write about wealth, billionaires and their companies. 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Im Haus war alles vorhanden was man fr ein paar Tage bentigt und nicht separat besorgen mchte (Kaffee, Splmittel,etc.). In a separate statement, MicroStrategy pledged to defend aggressively against what it described as false allegations, calling the issue a personal tax matter and denying that the company conspired with Saylor. His fortune is largely tied up in MicroStrategy stock and Bitcoin, two assets that have tumbled during the recent market selloff. I cover breaking news with a focus on markets and sports business. "Jack Dorsey and Michael Saylor headlined the sold-out #Bitcoin 2021 Miami conference. The complaint further alleges that MicroStrategy, despite knowing Saylor was a D.C. resident, conspired in the scheme instead of accurately reporting his address to local and federal tax authorities and correctly withholding District taxes. Both Saylor and MicroStrategy issued statements on Wednesday, denying the allegations in the suit. 2.9%. Michael Saylor has entered the yacht charter business. Fast, informative and written just for locals. (Photo by Joe Raedle/Getty Images). "Michael @Saylor's house in Miami Beach has risen in valuation at an average rate of 6.7% over the past 90 years. The discussion was nothing if not a lightning talk of Bitcoin praise. Battery fire on Spirit flight to Florida sends 10 to hospital. I respectfully disagree with the position of the District of Columbia, and look forward to a fair resolution in the courts.". Saylor, who was worth $1.6 billion at the beginning of March, saw his net worth drop below the $1 billion mark on Wednesday, according to Forbes estimates. How Ethereum's evolution impacts crypto markets. The information available on our website may not be 100% accurate, complete, or up to date, so do not use it as a substitute for your own due diligence, especially if you have concerns about a person's criminal history. Counsel for Voyager told the court that the deal could see creditors achieving 73% recovery, a revision upward thanks to the recently bullish crypto market. Nelson Wang is CoinDesk's news editor for the East Coast. Villa Vecchia in Miami Beach, FL is a historic home currently on the market for $19.8 million. Find Property for sale in Mhnesee, North Rhine-Westphalia. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. D.C. Attorney General Karl Racine announced the lawsuit. Here is how much some of cryptos wealthiest billionaires have lost during the recent market sell-off. Saylor said in a statement in August that he and his family live in Miami in a house he purchased a decade ago. Precinct . MicroStrategys average purchase price for Bitcoin was $30,700 per token. Subscribe to our premium newsletter - Crypto Investor. Die Gastgeber waren sehr freundlich und haben uns zur Weihnachtszeit liebevoll mit Dekoration und sogar vielen Leckerlis willkommen geheissen. The suit also names MicroStrategy, the data-tracking company Saylor co-founded, as a defendant, claiming the company conspired to help Saylor evade the taxes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The home was built in 1928 by architect L.M. Michael Saylor and Cathie Wood speak at Bitcoin 2022 in Miami. Wood was similarly sanguine about the rapidly growing payments technology. Inflation Is Cooling, Leaving America Asking: What Comes Next? Eva Marie Uzcategui | Bloomberg | Getty Images, Watch CNBC's full interview with MicroStrategy CEO Michael Saylor at Bitcoin 2022.